Identification
IRI
https://folio.openlegalstandard.org/RDTPef6LjCeQg2TUb7aY88W
Label
Prevailing Wage
Preferred Label
N/A
Identifier
N/A
Alternative Labels
None
Definition
The "Prevailing Wage" is the hourly wage, typically established by government authorities, that is paid to workers in a specific locality or industry for a particular type of labor. It is intended to ensure that workers on government-funded projects or in certain sectors receive a fair and competitive wage, often based on the average wage rates for similar work in the region.
Class Relationships
Sub Class Of
Is Defined By
N/A
See Also
None
Parent Class Of (0)
- None
Class Hierarchy Visualization
Additional Information
Metadata
Comment
None
Description
None
Notes
- None
Editorial Information
History Note
None
Editorial Note
None
Deprecated
False