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SME: Unique Wage Rules in a Government Contract – Learn What and How to Implement (Colorado Springs)
March 3 @ 1:00 pm - 4:00 pm
Subject matter expert Karri Palmetier, CEO of Palmetier Law, will brief on Government Rules for pricing Direct Labor Wages in government proposals. If your firm provides professional services, supplies, and/or construction, it may have unique wage requirements, whether as the Prime or the Subcontractor. Federal Contracting has standardized Wage Laws — rules you must follow to be compliant. This training teaches the “what, why, and how to implement these wage laws in Government Contracting.”
Speakers will provide practical tips for how to implement an effective and efficient system to ensure employees are properly paid and the work is properly invoiced for prompt payment.
Government contract pricing doesn’t have to be complicated. Understanding Davis Bacon/Service Contracts Acts, Prevailing Wage and Workers Comp is key for impacting your pricing and being competitive in winning contracts.
Items to be discussed include:
— Proper allocation of base wage and fringe benefits package;
— How to reduce labor cost;
— Bid cost on government jobs;
— Compliant benefit plans;
— How to calculate savings on a government job;
— How to avoid costly errors;
— Be prepared for an Audit and Tip to Success.
A 20-minute networking break to connect with the speakers and other government contractors is scheduled and encouraged. This is an interactive session so you can leave with an improved understanding of these laws and practical tips for implementation.