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What is Prevailing Rate? How this affects your supplier contracts.
It seems like a simple question. Yet, sometimes it can feel like you are buying a car. Prevailing rate, market pricing, industry average and lots of back and forth with your contractor …does it make you think you’re getting jammed up with higher than market prices?
It’s simple….the rates should be based on the union wages and the cost of living in each city. When you are coming...