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PAYMENT OF PREVAILING WAGES IN AUTHORITY PROJECTS

PAYMENT OF PREVAILING WAGES IN AUTHORITY PROJECTS 2025

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The document outlines the New Jersey Administrative Code regulations regarding the payment of prevailing wages in projects receiving financial assistance from the New Jersey Economic Development Authority. It defines key terms such as 'Authority financial assistance', 'construction contract', and 'prevailing wage rate', and establishes requirements for contractors to ensure compliance with wage laws. The document also details obligations for record-keeping, reporting, and consequences for violations.

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Click ‘Get Form’ to open it in the editor.
Begin by reviewing the definitions section. Familiarize yourself with key terms such as 'Authority financial assistance' and 'Prevailing wage rate' to ensure accurate completion.
Proceed to the payments section. Ensure that you indicate the prevailing wage rates applicable to your project, as required for compliance with N.J.A.C. 19:30-4.2.
Fill out the assurances required section by confirming compliance with prevailing wage laws and providing necessary documentation, such as the NJEDA affirmative action completion certificate.
In the contract provisions section, ensure that all relevant contractors are aware of their obligations regarding payroll records and compliance checks.

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What are the rules for prevailing wage in California?

Prevailing Wage Requirements All workers employed on public works projects must be paid the prevailing wage determined by the Director of the Department of Industrial Relations, according to the type of work and location of the project.

How do you pay prevailing wages?

The prevailing wage obligation may be satisfied by: Paying the BHR and FB in cash (including negotiable instruments payable on demand), Contributing payments to a bona fide plan, or Any combination of the two. Cash wages paid in excess of BHR may count to offset or satisfy the FB obligation (unlike under SCA).

What is an example of a prevailing wage project?

One example of a historic prevailing wage project is the construction of the Empire State Building in New York City in the early 1930s. The Empire State Building was built as a public works project, so the workers were required to be paid the prevailing wage rate for the New York City area at that time.

What is the law that requires paying local prevailing wage on public works projects that are federally funded or assisted?

The Davis-Bacon Act directs the Department of Labor to determine such locally prevailing wage rates. The Davis-Bacon Act applies to contractors and subcontractors performing work on federal or District of Columbia contracts.