Download
slide1 n.
Skip this Video
Loading SlideShow in 5 Seconds..
WAGE DECISIONS PowerPoint Presentation
Download Presentation
WAGE DECISIONS

WAGE DECISIONS

197 Views Download Presentation
Download Presentation

WAGE DECISIONS

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. WAGE DECISIONS

  2. WAGE DECISION • Stipulates the wage requirements for construction trades • Must be incorporated in prime contract • Required for all subcontracts • Incorporate, do not include by “attachment” • Must be posted at the job site

  3. A Wage Decision • identifies the prevailing hourly wage requirements • for all laborers and mechanics • performing work on a covered project.

  4. Wage Decision Basics • The wage decision will identify • Work classifications • Basic hourly rate of pay • Fringe benefits

  5. $14.75 Carpenter Electrician $22.50 Base Rate + 4.25 Fringe Benefit Plumber $18.65 Base + 3.50 FB Ironworker Backhoe Operator $12.45 $26.90 Base +5.00 FB

  6. DETERMINATION OF DAVIS-BACON WAGE DECISIONS • Established by survey of contractors • Established by geographic area • Establishes the “prevailing” wage rate • May be modified from time to time

  7. CHARACTER OF CONSTRUCTION • Construction projects are broadly classified: • Building - housing >4 stories; commercial facilities • Highway - roads, sidewalks • Residential - housing 1-4 stories • Heavy - “catch-all” category

  8. WAGE DECISION “LOCK-IN” • Generally, once “locked in” a wage decision cannot be modified during the life of the contract “Lock-in” usually occurs at contract award, with a few exceptions

  9. WAGE DECISION “LOCK-IN”Competitively Bid Contracts • Lock-in at bid opening provided contract is awarded or construction has started within 90 days • Must update wage decision if contract is awarded more than 90 days after bid opening

  10. WAGE DECISION “LOCK-IN”Negotiated Contracts • Date the negotiated bid is accepted • Lock-in provided contract is awarded or construction has started within 90 days • Must update wage decision if contract is awarded more than 90 days after bid opening

  11. WAGE DECISION COMPONENTS • Wage decision number • Modification date • State, county information • Wage decision type • Trade classifications • Base Wage, and • Fringe Benefits

  12. FRINGE BENEFITSEmployer Contributions to: • Health insurance • Retirement • Life insurance • Apprenticeship and training

  13. <- WD Number <- Construction Type <- Counties <- Description Mod Number & Publish Date

  14. CLASSIFICATION FRINGES RATE

  15. CALCULATE FRINGE BENEFITSExample Base Rate = $31.94 Fringe = 3% + $11.86 3% of $31.94 = $0.96 Add: $31.94 $11.86 + $ 0.96 _________ = $44.76

  16. WAGE DECISION SOURCES • Free through the GPO: • Http://www .Access.gpo/davisbacon/ or • www.wdol.gov