How to manage Prevailing Wage jobs in Knowify

Managing prevailing wage work can be complicated.

Whether it’s building accurate bids, tracking labor costs, or generating certified payroll reports, Davis-Bacon projects can quickly become a headache to manage.

That’s why Knowify supports prevailing wage labor tracking and job costing — so you can track exactly what work your crew does on public jobs, what it costs, and the rates they need to be paid.

Note: Prevailing Wage is available as a paid add-on to any Knowify subscription. Click here to contact us and learn more about upgrade options.

1. Create your Prevailing Wage Templates

Knowify gives you one central place for organizing the rate tables for each jurisdiction where you do government contract work. We call these prevailing wage templates. Simply enter the hourly wage rate and maximum hourly fringe for each relevant job classification, and Knowify will automatically calculate the total prevailing wage for that job role. We'll use these templates as the basis for labor tracking and job costing on each job. 

Read more: How to set up prevailing wages in Knowify

2. Create a job and assign your crew

When you create a new job, apply the appropriate prevailing wage template and assign employees to the roles they’ll be working. This tells Knowify which classifications and rates to use when job costing, and makes it easier for your crew to log time for the job classifications they worked.

Read more: How to set up a project with prevailing wage in Knowify

3. Build accurate, budget-backed bids

As you estimate the work required to get the job done, Knowify automatically calculates the true cost of labor using the prevailing wage rates for each assigned role — helping you bid amore accurately.

4. Track labor costs from the job site

When your crew logs time using the mobile app, Knowify prompts them to select the job classification they worked. 

Back in the office, you get instant visibility into who worked, what classification they logged, and the total cost of that labor. Every time entry includes the correct pay rate and fringe — so you’re never in the dark about labor costs again.

Read more: How to track prevailing wages in Knowify

5. Job cost for prevailing wage work in real time

As your team works Knowify logs all your labor costs against the job in real time, giving project managers a live view of performance against budget. No surprises, no waiting on payroll.

6. Get a head start on certified payroll

When it’s time to run payroll, export employee timesheets with all the necessary data — job classifications, rates, hours, and fringe — ready to drop into your payroll system.

We'll also help speed up your certified payroll exports with auto-generated WH-347 forms, pre-filled with employee names, job classifications, hours worked, pay types, and more. Just fill in the final tax and benefit details from your payroll system to complete the report.

Read more: How to generate a certified payroll report for prevailing wage jobs

 

With Knowify’s Prevailing Wage job costing workflows, you can:

• Organize your rate tables all in one place
• Build accurate, profitable bids based on the true cost of prevailing wage labor
• Track labor classifications and job costs in real time
• Get a head start on certified payroll
• Take control of your prevailing wage work — no stress required.

Talk to our team to learn more and get access to prevailing wage job costing today!