What Are Fringe Benefits? Prevailing Wage & Compliance
Ask three construction payroll managers what “fringe pay” means and you may get three different answers. One is thinking about the health and retirement package used to recruit skilled tradespeople. Another is thinking about the hourly fringe rate on a Davis-Bacon job that has to hit a government-mandated number. A third is thinking about the cash supplement that shows up on a worker’s paycheck when benefits don’t cover the full fringe obligation.
