HB 155 Summary

• Establishes a $25,000 minimum threshold for prevailing wage requirements on public construction contracts in Alaska.

• Requires contractors to pay prevailing wage rates as determined by the Department of Labor and Workforce Development, with rates updated every 24 months or upon contract completion, whichever comes first.

• Mandates primary contractors file a notice of work with the Department of Labor and Workforce Development listing all contractors and contract prices, with filing fees capped at one percent of contract price or $5,000 maximum.

• Requires public construction contracts include provisions for weekly wage payments, wage scale posting at work sites, and authority for contracting agencies to withhold payments to cover wage differences between required and actual rates paid.

• Applies to contracts entered into on or after the effective date of the Act, with applicability determined by AS 36.05 and AS 36.95.010 definitions of public construction.