Valor Pointe Veterans Housing
Valor Pointe Veterans Housing

Pay Prevailing Wages

The Davis-Bacon and Related Acts, apply to contractors and subcontractors performing on federally funded or assisted contracts in excess of $2,000 for the construction, alteration, or repair (including painting and decorating) of public buildings or public works. Davis-Bacon Act and Related Act contractors and subcontractors must pay their laborers and mechanics employed under the contract no less than the prevailing wages and fringe benefits for corresponding work on similar projects in the area.

The Davis-Bacon Act directs the Department of Labor to determine prevailing wage rates. The Davis-Bacon Act applies to contractors and subcontractors performing work on federal or District of Columbia contracts. The Davis-Bacon Act prevailing wage provisions apply to the “Related Acts,” under which federal agencies assist construction projects through grants, loans, loan guarantees, and insurance.

New Residential Construction Projects (Davis-Bacon)

Davis-Bacon = Prevailing Wage

Nothing can teach you the ins and outs of Davis-Bacon like real-world experience, but the resources exist to educate yourself. Most contractors say the most frustrating part of working with Davis-Bacon wages is trying to find answers. Questions will come up, and the best source will always be the direct source. When in doubt, refer back to the most current text of the law itself and the Department of Labor’s resources.

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