The Prevailing Wage Predicament When bidding on government construction contracts, you must comply with the stated prevailing wage determination. This means that when your employees' compensation package falls short of the stated prevailing wages and fringe benefits of laborers employed on similar projects in the area, you need to make up the difference. While this is only fair to your employees, making it up in cash wages eats into your profit! BCT Delivers a Win-Win Solution BCT allows you to take the difference between the stated prevailing wages/fringe benefits and your employees' total compensation package and pay it to a supplemental unemployment benefit plan (SUB) -instead of in additional hourly pay. Your dollars are invested into an interest bearing money market account and treated as a fringe benefit. The payment is not considered wages and it does not reduce the amount of benefits from the state unemployment agency. The result is two-fold... As a fringe benefit the payment is not subject to labor burden, overhead or taxes. So YOU stand to realize an average additional profit of 6-8% of total labor costs! Your hourly employees continue to get paid when they are not employed, or during periods of interrupted work. BCT understands the business of government contracting and importance of providing a robust unemployment plan and construction benefit package for the laborers who work so hard on prevailing wage jobs.