Prevailing Wages For CDOT Colorado Department Of Transportation Public-private Initiatives

The state department of transportation (department), the statewide bridge enterprise, and the high-performance transportation enterprise are currently authorized to solicit proposals and consider unsolicited proposals for public-private initiatives for certain public projects. The bill specifies that the department, the statewide bridge enterprise, and the high-performance transportation enterprise may consider proposals, whether solicited or unsolicited, for a public-private initiative that anticipates using federal moneys only if the proposal includes labor costs for construction that use no less than the locally prevailing wages and fringe benefits for corresponding work on similar projects in the area set by the United States department of labor as directed by the federal 'Davis-Bacon Act'. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)