Prevailing Wage Contracting

A few weeks ago, we offered a perspective on the Republican party’s silence regarding prevailing wage laws, in general, and the federal Davis-Bacon Act, in particular.   In this post we want to take a different view – that of the Democratic party and the challenges it faces in dealing with prevailing wage rates.

We all need help staying up-to-date on evolving rules for Davis-Bacon compliance. While the Davis Bacon law has no doubt resulted in lucrative public works opportunities for contractors, it is not without its regulatory land mines! With that in mind, Jeff VanderWal has drafted a review of new guidelines that will directly affect all prevailing wage contractors working on a federal Davis-Bacon job!

Anyone involved in prevailing wage contracting knows that there is no better example of Government intervention in free markets than the Davis-Bacon and Related Acts.

On April 6, 2010, President Obama recorded a Memorandum in the Federal Register. Directed to the Heads of Executive Departments and Agencies, the stated goal of the Memorandum is to improve transparency while also reducing waste, fraud and abuse in Federal contracting. You can read the Memorandum in its entity by clicking this link: Federal Register, Combating Noncompliance with Recovery Act Reporting Requirements