Contractors are frequently required to obtain surety bonding before they can be eligible to participate in a project. This requirement stems from the U.S. Miller Act, which set a precedent that publicly funded projects valued at $100,000 or more must be secured by performance and payment bonds. Thes...
Author: UpworkDev
Mississippi’s Little Miller Act
Like other U.S. states, Mississippi has instituted a series of laws similar to the U.S. Little Miller Act. These laws protect public construction projects from builder’s liens by transferring liability to a surety agent. Surety bonds provided under the Little Miller Acts generally guarantee “ful...
Tennessee’s Little Miller Act
The state of Tennessee maintains its own set of laws mandating bonding for publicly funded projects, which are referred to collectively as Tennessee’s Little Miller Act. Unlike many other states, Tennessee’s set of Little Miller Act statutes offer much more flexibility when it comes to bonding. ...
South Carolina’s Little Miller Act
The South Carolina version of the U.S. Miller Act contains several requirements that make it different from its counterparts in other states. It is one of the few Little Miller Acts to require a bid bond, for instance. It also contains specific language intended to apportion the total available valu...
North Carolina’s Little Miller Act
North Carolina maintains a version of the federal Little Miller Act, which protects public construction projects from liens by mandating that all contractors maintain performance and payment bonds in the amount of the full value of the contract. The “Little Miller Act” version for North Carolina...
The Three C’s: Credit, Capacity and Character
One of the biggest challenges of being a small construction company is struggling to compete with the big boys. You feel like your resources are limited and the field is skewed against you. After all, how can you compete with someone who has many millions of dollars at their disposal? The key is the...
North Carolina DOT 10-Year Plan
Every small- to medium-sized construction company knows that competing for department of transportation contracts is an essential part of maintaining your success and building your business. A key part of this, besides becoming properly bonded, is knowing what projects might be upcoming so you can a...
An Overview of the State Little Miller Act
When you’re looking into getting surety bonds for your construction business, especially if you’re working on state projects, you may hear about the requirements you have to meet under your state’s Little Miller Act. This term can come as a surprise to many small businesses, who may not be sur...
HUBZone Certified Contractors
Small businesses need every possible advantage when it comes to competing with the big boys, and this is especially true of contractors. If you want to grow your contracting and construction business, you’ll need to work on large municipal and government projects, like performing road work or work...
Florida’s Little Miller Act
Just like the Little Miller Acts for Georgia and Alabama, Florida’s Little Miller Act statutes aim to protect public agencies from liens and legal actions by requiring contractors to secure surety bonds. Under Florida Statutes, Title XVIII, Chapter 255, §255.05, all projects valued at more than $...