Prevailing Wage Labor Cost Analysis for Construction Projects.
Labor costs make up approximately 70% or more of a construction project budget. Let Prevailing Wage Consulting help your team optimize wage determinations, fringe benefit applications, and trade classifications to protect your margins.
What is Prevailing Wage Cost Analysis?
A Prevailing Wage Labor Cost Analysis is a detailed financial review that cross-references project requirements with multiple federal, state, and local wage determinations to identify the most accurate, cost-effective trade classifications and fringe benefit applications for a construction project.
The Problem
Assigning the wrong WD, misclassifying trades, or failing to properly account for prevailing wage fringe benefits are common mistakes that can silently destroy your profit margins on government-funded contracts.
The Solution
We dive deep into your specific project data. By understanding precisely which sets of prevailing wage rates apply to your build, we can optimize your labor strategy and protect your margins.
Core Capabilities & Focus Areas
- Deep Financial Analysis
- Wage Rate Mapping
- Strategic Requests
The Instant Benefits
- Maximized Profitability
- Predictable Margins