Kansas City, Mo. – Port KC announced this afternoon the adoption of an updated, comprehensive Prevailing Wage Policy that clarifies when prevailing wage requirements will apply to Chapter 68 Bond-Financed Sale-Leaseback projects. The policy establishes clear new contractual expectations for developers while reinforcing Port KC’s commitment to transparency, fair labor standards and responsible project delivery.
Under the new policy, Port KC will contractually require prevailing wages on specified categories of work associated with Chapter 68 Bond-Financed projects regardless of whether such work is statutorily mandated. Prevailing wage obligations will follow the prevailing hourly rates established by the Missouri Department of Labor and Industrial Relations including all applicable statutes, regulations, annual wage orders and incremental wage increases.
“With this updated policy, Port KC is establishing a clear and consistent framework that supports workforce standards while giving developers predictability around project requirements,” said Jon Stephens, President and CEO of Port KC. “This strikes the proper balance between promoting economic development and ensuring that public-facing components of our projects are delivered with fair labor practices.”
About Port KC
Port KC is a port authority for the state of Missouri that uses its granted abilities to run local ports and grow Kansas City’s economy through advancing transportation, logistics and revitalization.