Federal Construction Costs Reduction Act of 1977

[AI summary unavailable — showing source text] Federal Construction Costs Reduction Act of 1977 - Amends the Davis-Bacon Act, which requires the rate of wages for workers employed on Federal public buildings by contractors and subcontractors to be based upon the prevailing wages for corresponding classes of workers employed on similar projects in the same area. Increases from $2,000 to $40,000 the dollar value of contracts to which such Act applies, and directs the Secretary of Labor to adjust annually such threshold level in proportion to the Consumer Price Index. Makes the Act applicable only to the wages of unskilled laborers, rather than various classes of laborers and mechanics. Exempts apprentices, helpers, and trainees. Limits regulations or actions which discourage the customary utilization of such persons. Requires the Secretary to employ a "sufficient data base" in determining the prevailing wages for purposes of a contract. Defines such base to mean data from at least three construction projects of a character similar to the contract work performed over the previous two years. Prohibits the Secretary from basing such determination upon projects located outside the county in which the work is to be performed, with spe…