{"id":18855,"date":"2021-07-12T15:50:02","date_gmt":"2021-07-12T19:50:02","guid":{"rendered":"https:\/\/www.foundationsoft.com\/?p=18855"},"modified":"2025-05-13T08:24:29","modified_gmt":"2025-05-13T12:24:29","slug":"keeping-up-with-compliance-tracking","status":"publish","type":"post","link":"https:\/\/www.foundationsoft.com\/learn\/keeping-up-with-compliance-tracking\/","title":{"rendered":"Keeping Up with Compliance Tracking"},"content":{"rendered":"

Guest Contributor: SkillSmart<\/a><\/p>\n

As the economy emerges from the pandemic, focus has shifted to both infrastructure funding<\/a> and restarting delayed projects. For example, the Infrastructure Investment and Jobs Act<\/a> (IIJA), also known as the Bipartisan Infrastructure Law, allocated $1.2 trillion for infrastructure improvements across the United States, with over $500 billion dedicated to new investments and programs. At the same time, there\u2019s also a growing interest in demonstrating the economic impact of these projects on local and regional communities.<\/p>\n

As a result, numerous projects \u2014 no matter their size or funding source \u2014 \u00a0now require all subcontractors to report workforce and spend-tracking data, resulting in more work being pushed to the subcontractors. These extra responsibilities present additional challenges since many lower-tiered subs often don\u2019t have the resources to complete these requests. Luckily, with compliance tracking software, subcontractors can ease some of these new burdens.<\/p>\n\"UG<\/a>\n

<\/span>More Complete Data with Compliance Tracking Software<\/strong><\/span><\/h3>\n

In the past, reporting requirements by federal, state and local governments \u2014 as well as for prevailing wage or Davis-Bacon projects<\/a><\/strong> \u2014 generally meant an increase in the number of staff needed to account and report data. Today, technology can help existing staff complete these extra tasks by simplifying processes and increasing the availability of data.<\/p>\n

Some software applications, for example, now allow subcontractors to report on all their workforce and business-tracking data in a single, efficient system. By using a shared environment, all subcontractors across the project can provide accurate, up-to-date data using fewer people and resources \u2014 offering the added benefit of better, more accurate reports.<\/p>\n

Currently, GC\u2019s like Barton Malow, Clark, Gilbane and Mortenson have projects underway using similar technology to improve their outcomes. By allowing all subcontractors and their subs to enter their reporting data in one place, these GC\u2019s have seen improved reporting, with fewer errors and fewer calls to subcontractors asking for corrections on the day reports are due. These efficiencies have resulted in subcontractors being able to spend more time on why they were hired \u2014 their scope of work.<\/p>\n

<\/span>Integrations: Less Work, Better Outcomes, Real Results<\/strong><\/span><\/h3>\n

Integrations between two or more software applications help to further streamline compliance tracking. With integrations, users can more easily create reports by exporting payroll data from their accounting platform and uploading it directly into their compliance tracking software. Even a simple export\/import like this helps to reduces the errors and inefficiencies that come with moving data between multiple software platforms.<\/p>\n

Once payroll data is uploaded, subcontractors can use compliance tracking software to:<\/p>\n