Prevailing Wage Law
Prevailing Wage Law establishes minimum wage rates for construction trades on public projects, ensuring fair compensation and promoting labor standards.
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Definition
Prevailing Wage Law is a law that establishes minimum wages for job classifications in the construction trades.
Purpose
Prevailing Wage Laws ensure that workers on public construction projects are paid fair wages comparable to those for similar work in the local area, preventing underpayment and promoting fair labor standards.
Examples of Use
- Public Infrastructure Projects: Ensuring fair wages for workers on highway, bridge, and school construction projects.
- Municipal Buildings: Applying wage standards for city hall or courthouse construction.
- State-Funded Projects: Enforcing wage regulations on projects receiving state funding.
Related Terms
- Prevailing Wage Rates: The specific wage levels set by government agencies based on local standards.
- Labor Standards: Regulations that govern working conditions, wages, and benefits.
- Union Wages: Wage levels negotiated by labor unions, often influencing prevailing wage rates.
Notes
- Compliance: Contractors must comply with prevailing wage laws on applicable projects to avoid penalties and ensure proper compensation for workers.
- Calculation: Wage rates are determined based on surveys of wages paid for similar work in the area.
Related Terms
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