Search results
Results from the WOW.Com Content Network
Prevailing wage may also include other payments such as apprenticeship and industry promotion. In the United States, the Davis–Bacon Act of 1931 and related amendments pertain to federally funded projects. There are also 32 states that have state prevailing wage laws, also known as "little Davis–Bacon Acts". The rules and regulations vary ...
Sen. James J. Davis (R-PA) and Rep. Robert L. Bacon (R–NY-1), the co-sponsors of the Davis–Bacon Act. The Davis–Bacon Act of 1931 is a United States federal law that establishes the requirement for paying the local prevailing wages on public works projects for laborers and mechanics.
The Walsh-Healey Act that applies to U.S. government contracts exceeding $15,000 for the manufacturing or furnishing of goods. Walsh-Healey establishes overtime pay for hours worked by contractor employees in excess of 40 hours per week, and sets the minimum wage equal to the prevailing wage as determined by the Secretary of Labor.
A New Deal-era law, the Davis-Bacon Act, tasks the Labor Department with establishing wage floors for federally funded construction projects, which are based on the prevailing wages for certain ...
The state's prevailing wage law requires the pay and benefits offered to workers on a state-backed construction project to match or surpass the standard wages and benefits standard in a ...
The Act requires general contractors and subcontractors performing services on prime contracts in excess of $2,500 to pay service employees in various classes no less than the wage rates and fringe benefits found prevailing in the locality as determined by the United States Department of Labor, or the rates contained in a predecessor contractor's collective bargaining agreement.
Alabama. The US Department of Labor says there is “no state minimum wage law.” However, employers subject to the “Fair Labor Standard Act” must pay the current federal minimum wage of $7. ...
The requirement of prevailing wages leads to complication in financing development, as prevailing wage potentially raises construction costs by up to 40%. [14] This increase creates obstacles for the financial feasibility of affordable housing developments, as affordable housing financing is far more complex than market-rate housing.