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providing bona fide fringe benefits under a plan or program, Provided, <br /> 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 <br /> been met. The Secretary of Labor may require the contractor to set aside <br /> in a separate account assets for the meeting of obligations under the <br /> plan or program. <br /> (2) Withholding. The (write in name of Federal Agency or the loan or <br /> 1 grant recipient) shall upon its own action or upon written request of an <br /> authorized representative of the Department of Labor withhold or cause <br /> to be withheld from the contractor under this contract or any other <br /> Federal contract with the same prime contractor, or any other federally- <br /> assisted contract subject to Davis-Bacon prevailing wage requirements, <br /> which is held by the same prime contractor, so much of the accrued <br /> payments or advances as may be considered necessary to pay laborers and <br /> mechanics, including apprentices, trainees, and helpers, employed by the <br /> contractor or any subcontractor the full amount of wages required by the <br /> contract. In the event of failure to pay any laborer or mechanic, <br /> including any apprentice, trainee, or helper, employed or working on the <br /> site of the work (or under the United States Housing Act of 1937 or <br /> under the Housing Act of 1949 in the construction or development of the <br /> project) , all or part of the wages required by the contract, the <br /> (Agency) may, after written notice to the contractor, sponsor, <br /> applicant, or owner, take such action as may be necessary to cause the <br /> suspension of any further payment, advance, or guarantee of funds until <br /> such violations have ceased. <br /> (3) Payrolls and basic records. (i) Payrolls and basic records <br /> relating thereto shall be maintained by the contractor 'during the course <br /> of the work and preserved for a period of three years thereafter for all <br /> laborers and mechanics working at the site of the work (or under the <br /> United States Housing Act of 1937, or under the Housing Act of 1141, in <br /> the construction or development of the project) . Such records shall <br /> contain the name, address, and social security number of each such <br /> worker, his or her correct classification, hourly rates of wages paid <br /> (including rates of contributions or costs anticipated for bona fide <br /> fringe benefits or cash equivalents thereof of the types described in <br /> section l(b) (2) (B) of the Davis-Bacon Act) , daily and weekly number of <br /> hours <br /> worked, deductions made and actual wages paid. Whenever the Secretary of <br /> Labor has found under 29 CFR 5.5(a) (1) (iv) that the wages of any laborer <br /> or mechanic include the amount of any costs reasonably anticipated in <br /> providing benefits under a plan or program described in section <br /> 1(b) (2) (B) of the Davis-Bacon Act, the contractor shall maintain records <br /> which show that the commitment to provide such benefits is enforceable, <br /> that the plan or program is financially responsible, and that the plan <br /> or program has been communicated in writing to the laborers or mechanics <br /> affected, and records which show the costs anticipated or the actual <br /> cost incurred in providing such benefits. Contractors employing <br /> apprentices or trainees under approved programs shall maintain written <br /> evidence of the registration of apprenticeship programs and <br /> 1 certification of trainee programs, the registration of the apprentices <br /> and trainees, and the ratios and wage rates prescribed in the applicable <br /> programs. <br /> (ii) (A) The contractor shall submit weekly for each week <br /> in which any contract work is performed a copy of all payrolls to the <br /> (write in name of appropriate federal agency) if the agency is a party <br /> to the contract, but if the agency is not such a party, the contractor <br /> will submit the payrolls to the applicant, sponsor, or owner, as the <br />