Prevailing Wage Language~1.docx

This is a Prevailing Wage Language document that establishes compensation requirements for vendor labor on state and local contract opportunities. The document does not specify particular agencies, consortiums, or jurisdictions, but rather provides standardized prevailing wage guidance applicable to covered contracts. No information is provided regarding specific products or services, project overviews, quantities, response dates, due dates, site visits, bidders meetings, award dates, or contract terms and renewal options in this document.

The document mandates that vendors' hourly labor rates must include the prevailing basic wage rate as established by applicable prevailing wage requirements. In addition to base wages, fringe benefits including Health and Welfare, pension, and other benefits must be provided. The vendor's hourly rate must also encompass all employer expenses for FICA taxes, Workers' Compensation Insurance, Liability Insurance, Unemployment Insurance, and compliance with all applicable city, state, and federal employee-related requirements. This language establishes a comprehensive cost structure for labor that vendors must incorporate into their pricing proposals for contracts subject to prevailing wage regulations.