New York Codes, Rules and Regulations › Title 12 - DEPARTMENT OF LABOR › Chapter XV - Division Of Research And Statistics › Part 1500 - Methodology For Establishing Labor Cost Statistics › Section 1500.2 - Definitions

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Cost of labor
				index. An index, calculated monthly by the Division of Research and Statistics,
				that measures the percentage change in construction costs statewide against a
				base year. The index weighs material costs (as measured by the monthly National
				Producer Price Index for construction materials at 55 percent of the total, and
				labor costs (as measured by the Research and Statistics Division's Current
				Employment Statistics Index for the Construction Industry) at 45 percent. Both
				the National Producer Price Index and the Current Employment Statistics Index
				are first adjusted by an appropriate factor in order that each index reflects
				changes from a common base year where each index is set equal to 100.
(b) Composite weighted average hourly wager
				for construction industry employees. An average hourly rate of wage determined
				by averaging: the average rate of wage for "SIC 15" and "SIC 17"employees as
				determined by the "current employment statistics survey," which is conducted by
				the Division of Research and Statistics.
(c) Composite wage rate. The average
				"prevailing rate" of wages plus benefits due carpenters, electricians and
				plumbers in a given county/"multi-county"area.
(d) Current employment statistics index. An
				index which shows deviation of wages from a base year by industry, as
				determined by a monthly statewide survey of employers conducted by the Division
				of Research and Statistics.
(e)
				Current employment statistics index for the construction industry. An index,
				calculated by the Division of Research and Statistics which shows the
				percentage deviation of the "composite weighted average hourly wage for
				construction industry employees" from a base year.
(f) Current employment statistics survey. A
				monthly statewide survey of wages broken down according to "standard industry
				classification" (SIC), which is conducted by the Division of Research and
				Statistics.
(g) Labor market
				composite wage rate. An index, calculated yearly by the Division of Research
				and Statistics, which compares the percentage deviation of the "composite wage
				rate" for a given county/"multi-county" unit against the median county's
				"composite wage rate"composite wage rate" which is set equal to 1.00.
(h) Multi-county. The City of New York which
				contains the counties/boroughs of New York/Manhattan, Bronx, Kings/Brooklyn,
				Queens, and Richmond/Staten Island.
(i) National Producer Price Index. A
				statistic produced monthly by the U.S. Commerce Department that measures the
				percentage change in producer prices against a base year by industry.
(j) Prevailing rate. The minimum wages and
				benefits that can be paid to construction workers on public work projects as
				defined in article 8 section 220  of the Labor Law.
(k) SIC. Standard Industry Classification, as
				determined by the United States Office of Management and Budget
				(OMB).
(l) SIC 15. General
				contractors and operative builders.
(m) SIC 17. Special trade contractors (i.e.
				roofers, electricians. landscaping, HVAC, etc.).