State Finance and Procurement - Prevailing Wage Rate - Calculation
HB 997 revises Maryland's prevailing wage rate calculation methodology for public construction projects, affecting worker compensation and project costs.
HB 997 revises Maryland's prevailing wage rate calculation methodology for public construction projects, affecting worker compensation and project costs.
HB 997 modifies how Maryland calculates prevailing wage rates for public construction projects. The bill adjusts the methodology used to determine the minimum wages that workers must be paid on state-funded or state-regulated construction contracts, affecting wage calculations across public procurement activities.
Prevailing wage laws directly impact labor costs on public projects, influencing project budgets, worker compensation, and contractor bidding. Changes to calculation methods can significantly affect both the construction industry's competitiveness and workers' earnings on publicly-funded infrastructure, making this a substantive policy issue despite its technical framing.
Compiled from official sources — confirm details with the bill’s official record.
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