What does the Davis-Bacon Act require from construction contractors receiving federal funds?

The correct answer highlights the key requirement of the Davis-Bacon Act, which mandates that construction contractors who receive federal funds must pay their laborers and mechanics the locally prevailing wages and benefits. This is particularly relevant when the project involves federal contracts for construction work that exceeds a specified amount, currently set at $2,000. The idea behind the Act is to ensure that workers on federal projects are compensated fairly, reflecting the wage standards of the area in which they are working. This helps maintain a level playing field in the construction industry, preventing the undercutting of local wage standards and ensuring fair labor practices. Thus, the focus on prevailing wages underscores the intent of the legislation to protect workers engaged on federal construction projects.