Public works projects – Here’s what you need to know

Description

Abstract: Public works projects are crucial to the United States economy and to many contractors who are looking for work. But, while such projects can bring in much-needed dollars to a construction business’s coffer, they can also bring in some unwelcome requirements. For example, under the Davis-Bacon Act, federal contractors must pay what’s known as a “prevailing wage.” This article explains this and other state and federal requirements that contractors must heed.