Which act requires contracts over $2,000 for construction to include a clause on prevailing wage rates?

The Construction Wage Rate Requirements statute, also known as the Davis-Bacon Act, mandates that federal construction contracts exceeding $2,000 must include a clause that ensures workers receive prevailing wage rates. This act was put in place to protect laborers and ensure they are fairly compensated based on the prevailing wage in the locality where the work is performed.

The prevailing wage is determined by the Department of Labor and is intended to reflect the wages paid to the majority of workers in a specific trade or occupation within a geographic area. By requiring this clause in contracts, the act ensures fair competition among contractors, while also promoting high-quality workmanship by encouraging skilled labor to participate in federal projects.

Other acts mentioned in the options address different types of labor and contract requirements, but they do not specifically govern prevailing wage rates for construction work in the same manner as the Construction Wage Rate Requirements statute.