Bill to update prevailing wages annually draws split testimony from trades and contractors
Engrossed SB 50-61 would require public-works contracts to update prevailing wage rates annually rather than lock them at bid; building trades endorsed the change to protect wages, while contractors urged change-order guardrails to address unpredictable CBA-driven spikes.
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The Senate committee heard Engrossed Second Substitute SB 50-61 on Feb. 18, a bill that would require public-works contracts to update prevailing-wage hourly rates annually throughout a project rather than freeze rates at the bid date. Proponents said the measure protects skilled workers on multi-year projects; opponents warned it could expose contractors — especially smaller firms — to unpredictable rate increases.
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