The Davis-Bacon Act requires payment of prevailing wages and fringe benefits to laborers and mechanics engaged in federal and federally assisted construction projects over $2,000. The prevailing wage rates are based on up-to-date data from the Department of Labor and are often determined by local wage surveys.
Davis-Bacon Wage Rates ensure that contractors and subcontractors on federally funded projects pay wages that are at least equivalent to local prevailing rates, promoting fair wages for construction workers.
You can access current wage determinations through the Department of Labor’s Wage and Hour Division. They provide wage rates based on job classifications and geographic location. These rates are crucial when estimating labor costs for bids on public projects.
When preparing estimates for publicly-funded projects, use Davis-Bacon wage rates to calculate the labor costs. This practice ensures compliance with federal regulations and accurate cost projections.
Davis-Bacon Compliance: Contractors and subcontractors must maintain compliance with the Davis-Bacon Act by paying workers at least the prevailing wages and fringe benefits. Compliance also involves keeping accurate payroll records, which are subject to inspection.
If you’re involved in bidding on federally funded projects, understanding and applying the Davis-Bacon wage rates is essential for compliance and competitive estimation.
Above images are rates for May 2024 for Chicago, Detroit and Milwaukee. Each issue of DCD magazine includes wage rates for sections of the country. Learn more at dcd.com.
