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While the terms prevailing wage and Davis-Bacon often appear interchangeable, they are not exactly the same. The Davis-Bacon Act specifies wage rates for federally funded projects, as outlined in the DoL WH 1321 form, while prevailing wage can refer to different rates based on local standards. Understanding these distinctions is vital for compliance. For a clear understanding of both terms and their implications, US Legal Forms can provide valuable resources and documentation to assist you.
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