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KevinBishop-BioTechCompany

Provisions on contracts over $100,000 which requires

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Unformatted text preview: provisions on contracts over $100,000, which requires that employees receive time and a half for all hours over 30. The corporation is also required to pay employees weekly and submit weekly certified payroll records (Department of Labor, 2009). This is different from a non-federal contractor, who is only required to meet federal minimum wage standards under the Fair Labor Standards Act, as well as any state law which may provide wage protection. The requirement of paying prevailing wage and benefits will likely increase the total compensation paid by this organization. It will also increase administrative costs based on the record-keeping requirements. Another piece of federal legislation that could affect this employer is again based on what type of federal contracts that the employer is working on. The McNamara-O'Hara Service Contract Act forces federal contractors who receive contracts over $2500 to pay no less than normal wage rates and fringe benefits in the area or in a previous contractor's collective bargaining agreement (United States Department of Labor, 2009). Essentially, this could hold BioTech Company 3 this employer to the wages and benefits provided for in a union contract entered into by a prior contractor. contractor....
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provisions on contracts over $100,000 which requires that...

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