What does the Davis-Bacon Act of 1931 require for federal contracts in construction?

The Davis-Bacon Act of 1931 specifically requires that federal contracts for construction work must include a stipulation for the payment of prevailing wages to laborers and mechanics. The prevailing wage is defined as the minimum wage that must be paid to workers on public works projects, and it is determined based on the wages that are typically paid for similar work in the locality where the project is taking place. The Act was designed to ensure that federal projects do not undercut local wage standards and to promote fair competition among contractors. Therefore, specifying minimum wage for workers is the primary requirement of the Davis-Bacon Act in relation to federal contracts in construction.