Navigating Prevailing Wage & Apprenticeship Rules on IRA-Funded Projects
Are you bidding or working on a project with prevailing wage and apprenticeship (PW&A) requirements? If so, the project owner is most likely seeking to maximize tax credits under the Inflation Reduction Act (IRA), which requires contractors to comply with PW&A requirements – or face potential penalties.
The contractor’s role in prevailing wage & apprenticeship compliance on IRA projects
Are you bidding or working on a project with prevailing wage and apprenticeship (PW&A) requirements? If so, the project owner is most likely seeking to maximize tax credits under the Inflation Reduction Act (IRA), which requires contractors to comply with PW&A requirements – or face potential penalties.
Join LCPtracker and Baker Tilly to learn more about what contractors need to know to meet compliance and avoid penalties on projects with PW&A requirements.
What you’ll learn:
- IRA overview: Receive a high-level overview of the IRA and its impact on contractors
- Prevailing wage requirements: Understand contractor prevailing wage obligations on IRA projects
- Apprenticeship requirements: Learn about the necessity of employing apprentices from registered programs and how this impacts project compliance
- Non-compliance and penalties: Discuss implications of failing to meet PW&A requirements and potential penalties
- Recordkeeping essentials: Get tips on maintaining detailed records to demonstrate compliance
Also, be sure to stick around for the Q&A session at the end to get your specific PW&A questions answered.
About the Instructors
As the Business Development Manager at LCPtracker, Neil Armour is at the forefront of national expansion and strategic channel development. He is responsible for forming strategic alliances and expanding LCPtracker’s presence in the western region of the United States. His strategic vision and expertise have been pivotal in advancing the company’s mission, enabling it to secure major contracts while helping key government agencies and large construction firms achieve their Davis-Bacon and labor compliance objectives.
Laura Cataldo is a Director with Baker Tilly and leads the firm’s Construction Advisory work to evaluate business practices and assist with management challenges. Having worked in the real estate and construction industry for almost 25 years, Laura offers a depth of experience working with management teams to improve profitability and succeed in the changing marketplace. In addition, Laura specializes in helping clients navigate the complexities of the Inflation Reduction Act of 2022 (IRA) and the prevailing wage and apprenticeship requirements of the Act. She helps clients maximize potential tax credits for clean energy projects.
Additional resources on IRA tax credits are available through Baker Tilly’s website: Inflation Reduction Act Tax Credit Solutions | Baker Tilly and Prevailing Wage & Apprenticeship Bonus Credit Solutions | Baker Tilly
