A. The prevailing wage rate is the basic hourly rate paid on public works projects to a majority of workers engaged in a particular craft, classification or type of work within the locality and in the nearest labor market area (if a majority of such workers are paid at a single rate).. The prevailing wage rate is the basic hourly rate paid on public works projects to a majority of workers engaged in a particular craft, classification or type of work within the locality and in the nearest labor market area (if a majority of such workers are paid at a single rate).
The Purpose Of Project Management And Setting Objectives. Project Management has developed in order to plan, co-ordinate and control the complex and diverse activities of modern industrial and commercial projects. All projects share one common characteristic - the projection of ideas and activities into new endeavours.
When properly organized and empowered, the primary purpose of the project steering committee is to guide the underlying organization through one or more projects-to deliberate, make decisions, provide strategic direction, and to be an âadvocateâ for the initiatives involved.