Per the Department of Labor, under the Davis-Bacon and Related Acts (DBRA), contractors must:
- Maintain payrolls
- Keep basic records
- Submit certified weekly payrolls
Although use of Form WH-347 is optional, the form will satisfy the requirements of Regulations, Parts 3 and 5 (29 CFR, Subtitle A), as to payrolls submitted in connection with contracts subject to the DBRA. Records to be maintained include:
- Name, address, and social security number of each employee;
- Each employee’s work classification(s);
- Hourly rate(s) of pay (including rates of contributions or costs anticipated for bona fide fringe benefits or cash equivalents thereof);
- Daily and weekly numbers of hours worked;
- Deductions made; and
- Actual wages paid.
For more detailed information, we suggest you reference the Federal Code 29 CFR 5.5(a)(3) for yourself.