The Davis-Bacon Act governs prevailing wages on federally financed projects, ensuring fair compensation and preventing underbidding by contractors.
The law that governs the payment of prevailing wages on federally financed projects is the Davis-Bacon Act. Enacted in 1931, this law requires contractors and subcontractors on federal construction projects to pay employees prevailing wages determined by the Department of Labor.
For example, if a construction company is working on a federally funded highway project, they would need to pay their workers wages that are at least equal to the prevailing wages in that locality for similar projects.
The Davis-Bacon Act aims to ensure that workers are fairly compensated for their labor on government-funded projects and prevent contractors from underbidding by reducing labor costs.
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