NYC Prevailing Wage Calculator
Calculate total prevailing wage costs for NYC public works and government-funded construction projects, including base hourly wage, supplemental benefits, and overtime premiums per NYC Administrative Code §6-109 and NYS Labor Law Article 8.
Formulas Used
Straight-Time Wage Cost = Workers × ST Hours/Week × Weeks × Base Rate
Overtime Wage Cost (1.5×) = Workers × OT Hours/Week × Weeks × (Base Rate × 1.5)
Double-Time Wage Cost (2×) = Workers × DT Hours/Week × Weeks × (Base Rate × 2.0)
Total Base Wage Cost = ST Wage + OT Wage + DT Wage
Total Hours = Workers × (ST + OT + DT Hours/Week) × Weeks
Supplemental Benefits = Total Hours × Benefits Rate (paid on all hours at flat rate)
Payroll Burden = Total Base Wage Cost × Burden %
Grand Total = Total Base Wage + Supplemental Benefits + Payroll Burden
Effective All-In Rate = Grand Total ÷ Total Hours
Assumptions & References
- Base wage rates sourced from the NYC Comptroller's Office Schedule of Prevailing Wage Rates (Fiscal Year 2024) for New York City.
- Supplemental benefits (fringe benefits) are paid at a flat hourly rate on all hours worked, including overtime and double-time, per NYC Comptroller guidance.
- Overtime is defined as hours worked beyond 40 per week and is compensated at 1.5× the base rate per NYS Labor Law Article 8 §220.
- Double-time (2× base rate) applies to Sundays and designated holidays per applicable collective bargaining agreements.
- Payroll burden (FICA 7.65%, FUTA ~0.6%, SUTA ~3.4%, Workers' Comp, General Liability) is applied to wages only; fringe benefits are pre-tax and excluded from burden calculation.
- Default payroll burden of 22.5% is a typical NYC contractor estimate; adjust based on your actual insurance and tax rates.
- Prevailing wage requirements apply to NYC public works contracts and contracts with City financial assistance under NYC Administrative Code §6-109 and NYS Labor Law Article 8.
- Contractors must post prevailing wage schedules at the job site and maintain certified payroll records for at least 6 years.
- Rates shown are estimates; always verify current rates at comptroller.nyc.gov before bidding.
- This calculator does not account for shift differentials, apprentice ratios, or trade-specific holiday schedules.