(iii) Whenever the minimum wage rate prescribed in the contract for a class of laborers or mechanics includes a fringe <br />benefit which is not expressed as an hourly rate, the contractor shall either pay the benefit as stated in the wage <br />determination or shall pay another bona fide fringe benefit or an hourly cash equivalent thereof. <br />(iv) If the contractor does not make payments to a trustee or other third person, the contractor may consider as part of <br />the wages of any laborer or mechanic the amount of any costs reasonably anticipated in providing bona fide fringe <br />benefits under a plan or program, Provided, That the Secretary of Labor has found, upon the written request of the <br />contractor, that the applicable standards of the Davis -Bacon Act have been met. The Secretary of Labor may require the <br />contractor to set aside in a separate account assets for the meeting of obligations under the plan or program (Approved <br />by the Office of Management and Budget under OMB Control Number 1215- 0140.) <br />2. Withholding. HUD or its designee shall upon its own action or upon written request of an authorized representative of <br />the Department of Labor withhold or cause to be withheld from the contractor under this contract or any other Federal <br />contract with the same prime contractor, or any other Federally- assisted contract subject to Davis -Bacon prevailing wage <br />requirements, which is held by the same prime contractor so much of the accrued payments or advances as may be <br />considered necessary to pay laborers and mechanics, including apprentices, trainees and helpers, employed by the <br />contractor or any subcontractor the full amount of wages required by the contract. In the event of failure to pay any <br />laborer or mechanic, including any apprentice, trainee or helper, employed or working on the site of the work, all or part <br />of the wages required by the contract, HUD or its designee may, after written notice to the contractor, sponsor, applicant, <br />or owner, take such action as may be necessary to cause the suspension of any further payment, advance, or guarantee <br />of funds until such violations have ceased. HUD or its designee may, after written notice to the contractor, disburse such <br />amounts withheld for and on account of the contractor or subcontractor to the respective employees to whom they are <br />due. The Comptroller General shall make such disbursements in the case of direct Davis -Bacon Act contracts. <br />3. (1) Payrolls and basic records. Payrolls and basic records relating thereto shall be maintained by the contractor <br />during the course of the work preserved for a period of three years thereafter for all laborers and mechanics working at <br />the site of the work. Such records shall contain the name, address, and social security number of each such worker, his <br />or her correct classification, hourly rates of wages paid (including rates of contributions or costs anticipated for bona fide <br />fringe benefits or cash equivalents thereof of the types described in Section I (b) (2) (B) of the Davis -bacon Act), daily <br />and weekly number of hours worked, deductions made and actual wages paid. Whenever the Secretary of Labor has <br />found under 29 CFR 5.5 (a)(1)(iv) that the wages of any laborer or mechanic include the amount of any costs reasonably <br />anticipated in providing benefits under a plan or program described in Section I(b)(2)(B) of the Davis -Bacon Act, the <br />contractor shall maintain records which show that the commitment to provide such benefits is enforceable, that the plan <br />or program is financially responsible, and that the plan or program has been communicated in writing to the laborers or <br />mechanics affected, and records which show the costs anticipated or the actual cost incurred in providing such benefits. <br />Contractors employing apprentices or trainees under approved programs shall maintain written evidence of the <br />registration of apprenticeship programs and certification of trainee programs, the registration of the apprentices and <br />trainees, and the ratios and wage rates prescribed in the applicable programs (Approved by the Office of Management <br />and Budget under OMB Control Numbers 1215 -0140 and 1215 - 0017.) <br />(ii) (a) The contractor shall submit weekly for each week in which any contract work is performed a copy of all payrolls to <br />HUD or its designee if the agency is a party to the contract, but if the agency is not such a party, the contractor will <br />submit the payrolls to the applicant sponsor, or owner, as the case may be, for transmission to HUD or its designee. The <br />payrolls submitted shall set out accurately and completely all of the information required to be maintained under 29 CFR <br />5.5 (a) (3) (i). This information may be submitted in any form desired. Optional Form WH -347 is available for this purpose <br />and may be purchased from the Superintendent of Documents (Federal Stock Number 029 - 005- 00014 -1), U.S. <br />Government Printing Office; Washington DC 20402. The prime contractor is responsible for the submission of copies of <br />payrolls by all subcontractors (Approved by the Office of Management and Budget under OMB Control Number 1215- <br />0149.) <br />(b) Each payroll submitted shall be accompanied by a "Statement of Compliance,' signed by the contractor or <br />subcontractor or his or her agent who pays or supervises the payment of the persons employed under the contract and <br />shall certify the following: <br />(1) That the payroll for the payroll period contains the information required to be maintained under 29 CFR 5.5 (a)(3)(i) <br />and that such information is correct and complete; <br />(2) That each laborer or mechanic (including each helper, apprentice, and trainee) employed on the contract during the <br />payroll period has been paid the full weekly wages earned, without rebate, either directly or indirectly, and that no <br />deductions have been made either directly or indirectly from the full wages earned, other than permissible deductions as <br />set forth in 29 CFR Part 3; <br />