Manage Prevailing WageThe Davis–Bacon Act of 1931 is a United States federal law which established the requirement for paying prevailing wages on public works projects. All federal government construction contracts, and most contracts for federally assisted construction over $2,000, must include provisions for paying workers on-site no less than the locally prevailing wages and benefits paid on similar projects.
The act is named after its sponsors, James J. Davis, a Senator from Pennsylvania and a former Secretary of Labor under three presidents, and Representative Robert L. Bacon of Long Island, New York. The Davis-Bacon act was passed by Congress and signed into law by President Herbert Hoover on March 3, 1931.
Prevailing Wages
What: This is the established and generally mandatory minimum wage to be paid to workers in public projects within a particular geographic area. It defines the stipulated hourly wages, benefits, and overtime rate paid to workers of a particular project in within a particular area.
The ePrismSoft system has two distinct Prevailing Wage references
A) Prevailing Wage Lists: Refers to Prevailing Wage type defined by its issuing entity and its applicable location.
B) Prevailing Wage Sheet: Refers to the validity of the prevailing wage (usually covers period of dates)
Why: The Davis–Bacon Act of 1931 is a United States federal law which establishes the requirement for paying prevailing wages on public works projects. All federal government construction contracts, and most contracts for federally assisted construction over $2,000, must include provisions for paying workers on-site no less than the locally prevailing wages and benefits paid on similar projects.
When: If a prevailing wage is required, the contract must be linked to the applicable prevailing wage list
How:
Establish Contracts Prevailing Wages
Update Contract Prevailing Wages
|