Prevailing Wage
/ˈprev.eɪ.lɪŋ weɪdʒ/
Definitions
- (n.) A legally mandated minimum wage set for workers on public works or government-funded projects, based on local prevailing rates.
The contractor was required to pay the prevailing wage on the federally funded construction site.
Forms
- prevailing wage
Related terms
See also
Commentary
Prevailing wage laws aim to prevent the undercutting of local wage standards in public projects; drafters should specify the geographic and occupational scope precisely.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.