Davis-Bacon Act is a federal law that requires contractors and subcontractors working on federally funded construction projects to pay their workers prevailing wages. These wages are determined by the Department of Labor based on the local area where the project is located. The purpose of the Davis-Bacon Act is to ensure that workers on public works projects are paid fair wages that are in line with what other workers in the area are being paid for similar work. This helps to prevent contractors from undercutting wages in order to win bids and also helps to maintain a level playing field for all contractors bidding on government projects.In the context of construction, the Davis-Bacon Act has a significant impact on labor costs and project budgets. Contractors must factor in the prevailing wage rates when bidding on
What is Davis-Bacon?
5X
100%
100%
5
Save Time & Money
1,000's of hours saved every month
Top 3 reasons construction finance teams use the Vergo platform
automate manual processes
Eliminate the hassle of manual data entry and repetitive tasks with our automation tools. Our platform ensures a smooth transition with free setup and ongoing support, making it easy for your team to get started.
streamline communication with the field
"Improve coordination and information flow between your office and field teams with our desktop and mobile app. Our platform enables real-time updates and seamless communication, keeping everyone on the same page.
.png)
unlock better reporting & analytics
Transform your data into actionable insights with our powerful reporting and analytics tools. Our platform provides instant access to critical information and dedicated support to help you make informed decisions faster.
Book your Vergo product tour today.
Fast Integration
We can get your account up and running within a week with our fast ERP integration capabilities.
money-back guarantee
We're so confident you'll love our product we'll give your money back after 30 days if you're not happy.
24/7 Customer Service
Whether you want to speak with a human on the phone or message us online, we're always available to help.
"Our finance team absolutely love the platform."
"The platform has boosted our workflow efficiency and team collaboration. It's intuitive and user-friendly, allowing us to quickly adapt and enhance productivity."
"We saved hours eliminating manual data entry."
"Automating our data entry processes has saved us hours. The software captures and organizes our financial data accurately, reducing errors and freeing up time."
"We have so much more clarity into our project data."
"The platform gives us real-time insights into project data with advanced analytics and reports, helping us make better decisions."
