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Subject: Prevailing Wage Cost Savings

Signatory Contractor vs. Non-Signatory Contractor

Sample based on 10 employees working 40 hours per week
Hourly Wage: $27.29 per hour plus $3.60 vacation for a total of $30.89/Hour Effective July 1, 2011

Signatory Contractor
40:00 Hours times 10 laborers times $27.29 $10,916.00
40:00 Hours times 10 laborers times $3.60 $1,440.00
Gross Wages – Signatory Contractor $12,356.00

Non-Signatory Contractor
40:00 Hours times 10 laborers times 27.29 $10,916.00
40:00 Hours times I0 laborers times $3.60 (V AC) $1,440.00
40:00 Hours times 10 laborers times$ 6.76 (H & W) $2,704.00
40:00 Hours times 10 laborers times $6.00(Pension) $2,400.00
40:00 Hours times I0 laborers times $.64 (Training) $256.00
40:00 Hours times 10 laborers times$ .39 (Other) $156.00
Gross Wages – Signatory Contractor $12,356.00
Gross Wages – Non-Signatory Contractor $17,872.00

Employer Taxes
FICA 6.2 % $766.07
Medicare 1.45% $179.16
Unemployment (6.2% up to $7,000 per ee per yr) $766.07
Workers Comp. lns. 74% (90%-16%) $9,143.44

Fringe Benefits:
Health & Welfare $2,704.00
Pension $2,400.00
Training $256.00
TOTAL $28,570.75

Weekly Cost on 40 hours/week
Signatory Contractor $28,570.75
Non-Signatory Contractor $33,572.55

Weekly Savings $5,001.81
Monthly Savings $20,007.22
Yearly Savings $260,093.91

Project Info

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Give us a little information about your company and we will give you a world of opportunities.

LiUNA and LECET offer signatory contractors a powerful new tool with which to pursue projects and jobs: the LECET Business Advantage (LBA).

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Projects That the Others Miss

LiUNA and LECET can also use LBA to find contractors that meet certain qualifications and alert them to bid opportunities not captured by construction industry data services. So when we hear of something of interest to you, you’ll hear about it too.

Secure, Online Access

LBA users can access the contractor portal of LECET’s Market Expansion Program to view their profiles, receive industry news tailored to them, track and manage project alerts, and research specific markets.