WHAT IS PREVAILING WAGE?
Prevailing wage is the hourly base wage and fringe rate paid to workers, laborers and mechanics of each classification when working on public works projects that are estimated to cost more than $250,000.
Prevailing wage rates are established by either a) hearings conducted by the Kentucky Labor Cabinet per statute; or b) the US Department of Labor per the Davis-Bacon Act. Prevailing wage rates are required to be paid by all contractors and subcontractors working on public works projects.
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