12 CRR-NY 1500.3NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 12. DEPARTMENT OF LABOR
CHAPTER XV. DIVISION OF RESEARCH AND STATISTICS
PART 1500. METHODOLOGY FOR ESTABLISHING LABOR COST STATISTICS
12 CRR-NY 1500.3
12 CRR-NY 1500.3
1500.3 Calculations.
(a) Composite wage rate =((prevailing wages + prevailing benefits for carpenter) + (prevailing wages + prevailing benefits for electrician) + (prevailing wages + prevailing benefits for plumber)) / 3.
(b) Cost of labor index = 100 + (0.55 × (National Producer Price Index (NPPI) for the construction industry − 100)) + (0.45× (statewide Current Employment Statistics Index (CESI) for the construction industry − 100)), where both the NPPI and the CESI are first adjusted to reflect percentage change from a common base year.
(c) Composite weighted average hourly wage for construction industry employees = ((average hourly wage for SIC 15 employees statewide) (total number of SIC 15 employees statewide) +(average hourly wage for SIC 17 employees statewide) (total number of SIC 17 employees statewide)) / (total number of SIC 15 and SIC 17 employees statewide).
12 CRR-NY 1500.3
Current through August 15, 2021
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