Stay Compliant on Government-Funded Jobs and Union Contracts
What is Contractor Central?
Contractor Central is a comprehensive web-based application that was developed specifically for the construction industry to ensure accurate contractor pay and strict compliance with federal, state or local regulations for government-funded construction projects. Automated wage decision logic eliminates human error associated with the spreadsheets typically used by payroll departments.
You will finally be able to benefit from the tax and other compliance benefits of outsourced payroll AND understand your True Project Cost with accurate data in your ERP.
Comply With Davis Bacon Act, Accommodate Union Wage and Fringe Benefit Decision Logic
Contractor Central’s flexible, project-specific user screens accommodate the wage and benefit complexities of Davis Bacon Act, Service Contract Act, and Union Contracts.
By reducing your vulnerability to violations and lawsuits by performing payroll in-house, and running your projects more efficiently, you’ll be able to take on more government projects and drive more revenue.
How Does it Work?
Built on Time Bank’s powerful engine, Contractor Central offers flexible configuration options and integrates with your existing time and attendance software to retrieve employee time to jobs and projects.
Contractor Central’s four main functions provide accurate pay, compliance and true project costs in just minutes:
ONE: Project Maintenance
Intuitive project and rate maintenance screens for project managers setting up new government-funded or union-based jobs, as well as the payroll team back at the office.
Easy-to-Use Maintenance Screens Give You:
TWO: Wage Determination
One-click operations to automate pre-payroll wage and benefit decisions to minimize risk and stay in compliance with contracts, ensuring that you get the right pay to the right people at the right time.
Wage Decision Logic Benefits:
THREE: HCM & ERP Integration
Integration with your existing Human Capital Management (HCM) and ERP systems to create post-payroll Certified Payroll Reports and exchange General Ledger and Job Cost level details (including benefit burden) between outsourced Payroll and ERPs (e.g. Sage300CRE/Timberline and Acumatica).
Integrations Allow You To:
FOUR: Certified Payroll Reports
Peace of mind from knowing that you’ve paid all your employees correctly for Davis Bacon work, and that the post-payroll reporting and data transfer to the ERP is accurate, and automating the creation of your Certified Payroll Reports for greater efficiency and accuracy.
Reporting features include:
—————————————————————————————-Download the Contractor Central Overview
Who Should Use It?
- The payroll department of Construction companies that work on a minimum of $1MM in government construction projects or have union employees
How Does it Benefit You?
- Better compliance
- 100% accurate Certified Payroll reporting
- Understanding of True Project Costs
- Automated wage decision logic for accurate pay
- Integration with HCM, ERP, and payroll
- Ability to easily manage new project entry and pay rate schedules
What Are Users Saying?
“I love the Prevailing Wage/Certified Payroll Reporting solution! It’s working great and is a huge time saver, saving me days’ worth of work!” —Laura Mitchell, RPMx Construction
“Before we started with IDI a few years ago we didn’t have as many prevailing wage jobs, but then it started increasing and got bigger than we could handle on our own. Now the payroll batch that comes in is good to go!” —Kim McLain, DriveKore, Inc.
Build Compliance Into Every Job
If you’re looking for a Davis Bacon Act Certified Payroll solution that also meets FLSA standards and accommodates union and fringe wage decision logic, look no further.
Sign up for a demo to see how easy it is to generate accurate, timely reports and stay compliant with federal and state wage and overtime regulations.Request a Demo