Massachusetts Opinion Letter

State:
Multi-State
Control #:
US-CC-12-1775A
Format:
Word; 
Rich Text
Instant download

Description

This is an Opinion Letter, to be used across the United States. It is a letter from an investment banking firm, expressing an opinion that the cash consideration to be paid, is fair to the Seller, from a financial point of view.
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FAQ

How Are Prevailing Wages Determined? Employers can obtain this wage rate by submitting a request to the National Prevailing Wage Center (NPWC), or by accessing other legitimate sources of information such as the Online Wage Library, available for use in some programs.

For federal projects, the Davis-Bacon Act created prevailing wage requirements. Federal construction projects taking place in all 50 states are automatically covered by the federal prevailing wage law. Regarding state projects, not every state requires a prevailing wage on a state government-owned construction project.

The Massachusetts Attorney General's Fair Labor Division is responsible for enforcing the law.

Prevailing wage rates JobBasePensionCarpenter$53.27$19.82Electrician$56.36$20.54Painter$50.35$23.05

In Massachusetts, the minimum wage is currently $15.00 per hour, set to increase to $15.00 per hour at the outset of 2023. Tipped employees, such as waitstaff and bartenders, receive a lower hourly wage, with the expectation that tips will bridge the gap to reach the minimum wage.

Awarding authorities must complete an online prevailing wage request form at .mass.gov/dols/pw. If the awarding authority foes not have access to the Internet, the awarding authority must call DLS at (617) 626-2953 to receive instructions on mailing a hard copy request form.

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Massachusetts Opinion Letter