Prevailing Rate of Hourly Wages. The Developer acknowledges that the Prevailing Wage Act of Illinois (820 ILCS 130/0.01 et seq.) as supplemented and amended (the “PW Act”), may be applicable to all or part of the Private Development Project. As and to the extent required by the PW Act, the Developer agrees to pay or cause to be paid not less than the prevailing rate of hourly wages to all laborers, workers and mechanics employed by the Developer or any contractor or subcontractor in connection with the construction of Private Development Project. The most recently revised prevailing rate of hourly wages, as determined by the Illinois Department of Labor for Champaign County, Illinois in connection with any applicable construction period can be obtained from the City or from the Illinois Department of Labor, including at xxx.xxxxx.xx.xx/xxxxxx/xxxx/xxxxx/xxxxx.xxx.
Prevailing Rate of Hourly Wages. This Contract calls for the construction of a “public work”, within the meaning of the Illinois Prevailing Wage Act (820 ILCS 130/.01 et seq.) (the “Act”). The Act requires contractors and subcontractors to pay laborers, workers and mechanics performing services on public works projects no less than the current “prevailing rate of wages” (hourly cash wages plus amount for fringe benefits) in the county where the work is performed. The Illinois Department of Labor (“IDOL”) publishes the prevailing wage rates on its website at xxxx://xxxxx.xxxxxxxx.xxx/. The IDOL revises the prevailing wage rates and the contractor/subcontractor has an obligation to check the IDOL’s website for revisions to prevailing wage rates. For information regarding current prevailing wage rates, please refer to the IDOL’s website. The Contractor and subcontractors rendering services under this Contract shall comply with all requirements of the Act, including but not limited to, all wage requirements and notice and recordkeeping duties.
