government contracts Archives - Page 3 of 4 - Prevailing Wage Consulting LLC

Why Prevailing Wage Rates Matter: A Simple Guide for Employers [2025]

Government contracts require you to pay prevailing wage rates – and getting this wrong can cost your company thousands in penalties, fines, and back wages. Workers on public works projects must receive no less than the locally prevailing rate for their specific trade. This legal requirement affects construction companies nationwide. What exactly is prevailing […]

Davis-Bacon Act Explained: What Employers Must Know in 2025

The Davis-Bacon Act applies to every federal construction contract exceeding $2,000. This law requires contractors and subcontractors to pay wages that match the local rates for that geographic location. Your business must comply with this legislation when handling federally funded construction, alteration, or repair work. Projects worth over $100,000 face extra requirements under the Contract […]

State vs. Federal Prevailing Wage: What Contractors Need to Know

State vs federal prevailing wage requirements are one of the most important compliance challenges contractors face on public works projects. These laws set the minimum wages for workers on construction projects. They become more complex for federally funded projects or those with state funding. Understanding the nuanced differences between state and federal prevailing wage requirements […]