Announcements


Indexed REC-6: Do the Prevailing Wage Act requirements apply only to construction activities? Do they apply to Seller only or to Seller’s contractors and subcontractors?

The Prevailing Wage Act requirements apply to construction activities only. These construction activities include construction, maintenance, repair, assembly, or disassembly work in relation to the Project. Both Seller and Seller’s contractors and subcontractors, rendering services under the Indexed REC Contract, must comply with the requirements of the Prevailing Wage Act, and are required to pay laborers, mechanics and other workers employed in construction activities related to the Project an amount equal to or greater than the current “general prevailing rate of hourly wages”, as defined in Section 3 of the Prevailing Wage Act. The Prevailing Wage Act does not apply to sales and marketing activities for the Project.