The rate of pay that "prevails," or represents the norm, for each class or trade of construction laborer on a similar task in the same area is known as prevailing wage. Government agencies decide the prevailing wages for public-works projects in their area and require contractors to prove their compliance through certified payroll reports.
Explore how AI is revolutionizing construction—from smarter bidding and automated takeoffs to real-time safety monitoring and predictive scheduling. This guide breaks down key AI concepts and showcases tools that enhance efficiency, safety, and profitability.
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Read Moreiscover the top construction industry organizations to join in 2025. From AGC and ABC to NAHB and CFMA, this guide breaks down the benefits of each group, helping contractors, subcontractors, and professionals grow their network, stay informed, and gain industry support.
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