Each contractor awarded a contract for building services with a contract price in excess of one thousand dollars ($1,000), and each subcontractor who or that performs building service work on that contract, shall post in conspicuous places wherever building service employees are employed, posters that contain the current standard compensation and its components. The posters shall also contain the rights and remedies described in § 37-26-7 and § 37-26-8 for nonpayment of any wages pursuant to this chapter. Posters shall be furnished to contractors and subcontractors at the time a contract is awarded by the director of labor and training, who shall determine the size and content thereof from time to time, at the time a contract is awarded. A contractor or subcontractor who or that fails to comply with the provisions of this section shall be deemed guilty of a civil infraction and shall pay the director of labor and training one hundred dollars ($100) for each calendar day of noncompliance as determined by the director. Contracts set shall not be awarded by a state purchasing entity until the director of labor and training has prepared and delivered the poster to the division of purchases and the contractor to whom the contract is to be awarded.