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F700 129 000 Interested Party Checklist for the Filing of Prevailing Lni Wa Form
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People also ask
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How does prevailing wage work in Washington state?
Prevailing wage: The hourly wage, usual benefits, and overtime paid in the largest city in each county, to the majority of workers, laborers, and mechanics performing the same work. The rate is established separately for each county.
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What is the local prevailing wage?
Answer: The prevailing wage is a base pay rate established by State and Federal law to ensure that all construction workers engaged in public works projects are paid adequately for the craft they are working in. It is a combination of an hourly pay rate plus fringe benefits.
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What is the formula for prevailing wage?
Prevailing wage in an area can be determined by surveying local employers and calculating the wage by a simple average that sums up the wage rates and divides by the number of hirers, or (more accurately) by a weighted average, which weights the wage results by the number of employees.
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What is the prevailing wage law in Washington state?
Washington State Prevailing Wage Requirements Chapter 39.12 RCW requires local government contractors and subcontractors to pay prevailing wages to all workers for all public works and maintenance contracts, regardless of the dollar value of the contract. This includes: Public works (RCW 39.04. 010)
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What are prevailing wage fringe benefits in Washington state?
Usual (fringe) benefits are employer contributions included as part of the prevailing wage. Employers are not required to provide these benefits, but when they do, the amounts paid by the contractor count as a credit toward the required hourly prevailing wages paid.
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What is meant by prevailing wage?
What is the prevailing wage rate? A. The prevailing wage rate is the basic hourly rate paid on public works projects to a majority of workers engaged in a particular craft, classification or type of work within the locality and in the nearest labor market area (if a majority of such workers are paid at a single rate).
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