Wage Rate Payments / Changes During Contract Clause Samples

The 'Wage Rate Payments / Changes During Contract' clause defines how employee wage rates are set and adjusted throughout the duration of a contract. It typically outlines the initial wage rates agreed upon at the start of the contract and specifies the procedures for making any changes, such as requiring mutual agreement or adherence to specific triggers like changes in law or cost of living adjustments. This clause ensures both parties understand how wage payments will be handled and provides a clear process for addressing wage modifications, thereby reducing disputes and promoting fairness during the contract term.
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Wage Rate Payments / Changes During Contract. Term The wages to be paid under any resulting Contract shall not be less than the prevailing rate of wages and supplements as set forth by law. It is required that the Contractor keep informed of all changes in the Prevailing Wage Rates during the Contract term that apply to the classes of individuals supplied by the Contractor on any projects resulting from this Contract, subject to the provisions of the Labor Law. Contractor is solely liable for and must pay such required prevailing wage adjustments during the Contract term as required by law.
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