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SEC Form 3UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 3Washington, D.C. 20549OMB APPROVAL OMB Number:32350104Estimated average burdenINITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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The Davis Cary refers to the Davis-Bacon Act wage determination reporting requirement used for federally funded or assisted construction projects, which mandates that contractors pay their workers prevailing wages.
Contractors and subcontractors working on federally funded or assisted construction projects are required to file the Davis Cary.
To fill out the Davis Cary, one must complete the required forms with detailed information about workers, including their trade, hours worked, wages paid, and any benefits. It's important to refer to the specific form instructions for accuracy.
The purpose of the Davis Cary is to ensure that workers on government-funded construction projects are paid the prevailing wage rates in their locality, thus preventing wage underpayment and promoting fair labor practices.
Information that must be reported includes worker names, classifications, hours worked, rates of pay, gross wages, and any deductions made.
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