What should a contractor know when calculating wage rates for a project?
A. Contractors should be aware that: • for a 100 percent state funded project, the prevailing wage rate is determined by the NJ Department of Labor. • for an occupation where the federal and state rates differ, contractors must pay the higher of the two rates. • federal rates are available before a project bid date. They reflect one rate for each work classification. • state rates for a project are available only when the project is awarded. These wage rates may increase by the award date.
Related Questions
- What does an employer do if the contractor is working in different counties with different wage determinations and different rates for the same classification of worker?
- What happens if the wage rates change after a contractor has submitted a bid or started work?
- What should a contractor know when calculating wage rates for a project?
