Developer And Contractor Obligations In CHIPS Act-Funded Construction Projects
The Situation: The CHIPS Act provides over $50 billion in the form of grants, loans, loan guarantees, and other programs to incentivize semiconductor manufacturing in the United States. The U.S. Department of Commerce recently began accepting applications for funding of projects covered by the CHIPS Act.
Background: A requirement of receiving CHIPS Act funding is compliance with the prevailing wage obligations of the Davis-Bacon Act (“DBA”). The Obama administration previously interpreted a nearly identical requirement in the […]