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Prevailing Wage

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The requirement to pay prevailing wages are an essential part of apprenticeship training and have both pension and health care benefits factored into the overall wage. It is for all these reasons that "Davis / Bacon" determinations - better known as prevailing wage - are necessary to the construction industry for both union and non-union alike. This mandate is one of the few safeguards government provides to prevent contractors from gaining a competitive advantage in the low-bid public works process by eliminating their costs on training, healthcare and retirement programs.

Created by: WikiAdmin last modification: Tuesday, July 22, 2008 [09:51:21 pm UTC] by WikiAdmin


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