Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

The Davis-Bacon Act changes present a chance for startups to disrupt construction tech

Manish Kumar is the co-founder and CTO of Lumber, a Construction workforce management platform built for contractors. The U.S. construction landscape looks much different this week compared to last Friday following the amendments to the Davis-Bacon Act that went into effect on Monday. While these amendments primarily concern contractors of Federal Construction Projects, they still present a unique opportunity for construction technology startups to offer innovative solutions to help legacy construction firms navigate the complexities of compliance with this historic piece of legislation. New grounds, new challenges The Davis-Bacon Act, originating in 1931, mandates that contractors engaged in federal construction projects pay their workers prevailing local wages and fringe benefits. This applies to all contracts exceeding $2,000 for public building and public works construction, harking back to the act’s roots in the Great Depression. The core objective of this act has been to safeguard workers on federal construction projects from being underpaid, ensuring they receive fair compensation for their labor. However, the intricacies of this piece of legislation have always posed challenges. Initially, the Department …

The post The Davis-Bacon Act changes present a chance for startups to Disrupt Construction Tech appeared first on Skeptic Society Magazine.



This post first appeared on Skeptic Society Is An Independent, Secular Online Magazine, please read the originial post: here

Share the post

The Davis-Bacon Act changes present a chance for startups to disrupt construction tech

×

Subscribe to Skeptic Society Is An Independent, Secular Online Magazine

Get updates delivered right to your inbox!

Thank you for your subscription

×