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Prevailing Wage Calculations

Prevailing Wage Calculations

The prevailing wage rate shall be a weighted average of the total wage-fringe benefit packages for all journeyman hours submitted by contractors.

Example

Assume that 2,500 hours are submitted for the occupational title of "Laborers" for a county in Missouri. The hours submitted include:

Hours Wage-Fringe Benefit Package Hourly Rate
1,500 Total Package $45.00
300 Total Package $38.00
200 Total Package $35.00
200 Total Package $31.00
2,200 Total Hours    

Prevailing Wage Calculation

200 hours of apprentice wages and 100 hours of OJT wages are excluded, resulting in a new total of 2,200 hours.

1,500 hours x $45.00 = $67,500
300 hours x $38.00 = $11,400
200 hours x $35.00 = $7,000
200 hours x $31.00 = $6,200
2,200 total hours = $92,100

$92,100/2,200 hours = $41.86/hour

Calculated Prevailing Wage: $41.86