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Posts Tagged 'proposed rule'

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ABC: Biden’s Proposed Davis-Bacon Act Reforms Are More Pork for Special Interests

WASHINGTON, March 11—Associated Builders and Contractors today released the following statement from Ben Brubeck, ABC vice president of regulatory, labor and state affairs, in reaction to the U.S. Department of Labor’s proposed rule, Updating the Davis-Bacon and Related Acts Regulations. The 1931 Davis-Bacon Act and related regulations require contractors and subcontractors that perform work on federal and federally funded construction projects to pay a government-determined prevailing wage and benefit rate on an hourly basis to on-site construction workers. The Davis-Bacon Act and 71 active related acts collectively apply to an estimated $217 billion in federal and federally assisted construction spending per year and provide government-determined wage rates for an estimated 1.2 million U.S. construction workers.