
ALASKA
6)
Who calculates the prevailing wage rates?
The current prevailing rate of wages is that contained
in the latest determination if prevailing rate of wages issued
by the Department of Labor and Workforce Development at least
10 days before the final date for submission of bids for the
contract. The rate shall remain in effect for the life on the
contract or for 24 calendar months, whichever is shorter. At
the end of the initial 24 month period, if new wage determinations
have been issued by the department, the latest wage determination
shall become effective for the next 24-month period or until
the contract is completed, whichever occurs first. This process
shall be repeated until the contract is completed. AS 36.05.010.