Prevailing Wage Determination

Prevailing wage determination is the process of setting the typical wage rates for specific jobs in a particular area, especially for public works projects funded by government contracts. It ensures that workers are paid fairly based on the local market conditions and standards for similar jobs. This helps prevent contractors from underbidding by paying lower wages, promoting fair competition, and ensuring that employees earn a livable wage. The rates are often established through surveys and job classifications to reflect the economic conditions of the region.