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Title of Collection: Report of Construction Contractor's Wage Rates. OMB Control Number: 1235-0015.The 1931 Davis-Bacon Act requires the payment of prevailing wage rates to all labors and mechanics on Federal or Federally assisted construction contracts. Construction payroll software is key for keeping Davis-Bacon wage requirements. The 1931 Davis-Bacon Act requires the payment of prevailing wage rates to all labors and mechanics on Federal or Federally assisted construction contracts. 22.404 Construction Wage Rate Requirements statute wage determinations. You can then use these reports to complete Form WD-10 as well for Davis-Bacon wage determinations. USDOL-CPR. Whether or not your company does federal or federally-assisted work, completing the. Guide to. Prevailing. Wage. Wage Determinations.