Payment Bonds news:

About a month ago, I wrote a post about defining “labor” under the Miller Act. While certainly not a hard-line rule, that post concluded that while physical exertion qualifies as labor...

Subcontractors on public projects are afforded protection in the form of payment bonds. Because subs and suppliers do not have access to mechanics liens (public land cannot be encumbered by...

Mechanics liens and surety bond claims are among the best tools available to contractors, subs, and suppliers. By leveraging lien rights, an unpaid party is able to enforce their right to payment by putting an owner’s...

Payment bonds typically come into play when dealing with a public construction project. Because mechanics liens are not available on public projects, a party to a sub or supplier can file a surety...

On public projects, payment and performance bonds are required by either the Miller Act (for federal projects) or a Little Miller Act (for state and local projects). These bonds both...

While surety bonds are meant to offer financial security for contractors and suppliers, surety providers often try to avoid making payments at all costs. This tactic was on display when...

The biggest difference between public and private projects is the requirement of performance and payment bonds on public jobs. We have more material on performance and payment bonds, but in short,...

In order to work on a public project, be it local, state, or federal, a general contractor must obtain surety bonds. These bonds protect the awarding authority by ensuring the...

The Miller Act is legislation passed in order to protect the subcontractors, suppliers, and other down the chain laborers on federal construction projects. Under the Miller Act, general contractors on federal...

  The construction industry has rebounded over the last few years and more growth is forecasted in 2017. That is, so long as the construction workforce can supply enough labor to...