First bid on prevailing wage job

AC\DC

Senior Member
Location
Florence,Oregon,Lane
Occupation
EC
Looking to bid a school district job.
Guy on site told me to make sure I bid at prevailing wage.
I am a solo employee of a s-corp, do I need to pay myself prevailing wage?
I have a lot more questions but what agency should I be calling? Really want this job since it will mean on next job they are doing I can finally hire some one since it will be a 6 month long job
 
I don't believe you need to pay yourself the prevailing wage if you are the owner operator but not sure since you are an S corporation. I would check with the Dept. of Labor or whomever regulates those things in your state.

As soon as you hire someone you will need to pay them the rate
 
I don't believe you need to pay yourself the prevailing wage if you are the owner operator but not sure since you are an S corporation. I would check with the Dept. of Labor or whomever regulates those things in your state.

As soon as you hire someone you will need to pay them the rate
It depends on the state, I'm sure, but here in NJ even if you're a solo operator you must pay yourself the prevailing wage.
 
If you are a one man operation, it may depend on how you are set up to pay yourself. If the job profits are basically also your personal income on the job, it probably wouldn't even matter if you had a net loss on the project. If you have yourself on a payroll - you probably subject to the prevailing wage for a person in your position in the organization for the actual pay roll that applies to that particular project. If a net loss occurred it would still be absorbed by the company but the payroll itself still met the prevailing wages for that project.

They don't care how much you pay employees, only that it is at least the prevailing wage or more for each individual worker's position/ job description/ duties performed.
 
Well first bid was 5k more,
Second was $450 higher.
Numbers according to gentlemen I been dealing with.
Without plans and it’s just “hey I want this here” how can they actually judge bids
Or do they just take lowest no matter what.

Like last one was to install keyed switches for some breakers they used as switches. I bid for 15. What if someone only did 11 and he was below me. Though if he did 15 he woylx be higher.
I got another chance this summer for. Job that’s about 250k so I kinda want that. This one will actually have plans
 
When I was contracting my target market was public money plans and specs jobs, state and towns. I thought everything would be on a higher level, competence, integrity, quality demanded. And as a sole prop I did think the scale jobs would give me an advantage.

10 years it was never like that. I can name competitors on the bid who also targeted that market, several gone out of business owing millions of dollars, one name went out with 10 or so years of jail time. Same guy bought Rowland his cigar boxes and got millions of dollars in changes owed to him by the state (don't know if he got paid them all but the jail was Federal white collar crime).

During that time UConn had a 2000 project, 10 years during the 1990's, one billion in construction completing in 2000. I bid a lot of stuff I did not get. 2000 came and the State Police opened a full time two person office on campus just for code violations and UConn had a lot of unfinished buildings. Saw some real cheat work when I looked at what they did.

School construction in this state had a rep that they would all go into litigation at the end to get paid. Guys would step in front of that who were winning bidders.

If you can be prime contractor for select jobs that could be a good gig and everyone at that level charges enough for what you have to deal with. Quite a few subs compete with low quality work and not knowing what they're doing. That was the time guys needed changes to make their numbers, one way or the other.

Not to put you off it, give it a try. But it can be quite a crooked market. Personal relationships help. They spend a lot of money and like seeing the same guys. There is a learning curve to their routine. They can keep or knock off whoever they like.
 
Looking to bid a school district job.
Guy on site told me to make sure I bid at prevailing wage.
I am a solo employee of a s-corp, do I need to pay myself prevailing wage?
I have a lot more questions but what agency should I be calling? Really want this job since it will mean on next job they are doing I can finally hire some one since it will be a 6 month long job
I believe this is a requirement that employees are paid at least the prevailing wage? I cannot imagine you could perform this work for anywhere near the prevailing wage. Your compensation will include overhead, profit etc. That would be way above any wage.
 
I believe this is a requirement that employees are paid at least the prevailing wage? I cannot imagine you could perform this work for anywhere near the prevailing wage. Your compensation will include overhead, profit etc. That would be way above any wage.
Bid include all that’s. I just have to pay-myself a set wages compared to what I normally pay-myself
 
If it is a lengthy job and the prevailing wage will take a hike during the project, you may wish to consider the adder.
 
Lost it, he told me I was 4k high.
Trying another bid for them. After this bid it’s a HUGE 6month project installing about 60 mini split units. That’s the one I want
 
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