Kansas is a great place to be a contractor. There’s always work that needs to be done, but if you want to get the best projects, you need to make sure your company is in good standing. The best way to build your reputation is to make sure you remain in compliance with the Kansas Little Miller Act.
Like all Little Miller Acts, this is a localized version of the federal Miller Act that governs surety bond requirements for contractors. If you plan to operate in Kansas, you need to be familiar with what’s required. Learn more about the Kansas Little Miller Act, and discover what you need for your surety bonds.
Federal Miller Act
The Miller Act has been on the books since 1935, and it governs how contract work is done in the country. There are two primary requirements on the federal level that you have to abide by no matter where you operate. You’ll need both performance bonds and payment bonds for your next contract.
Performance bonds are there to make sure you perform the work as promised. In case you fail to do so, those who have invested financially in the project don’t have to suffer for your failure. Payment bonds ensure that subcontractors and suppliers involved get payment for their work should the original contractor fail to complete the project.
Protecting Your Reputation
Surety bonds don’t offer you, as the contractor, any immediate benefit. In fact, some view surety bonds as an unnecessary burden on business, but they come with far too many benefits for that to be true. Little Miller Acts weren’t passed in virtually every state to stifle business, but rather to ensure it operates smoothly for everyone involved.
When you use surety bonds, it solidifies your reputation as a contractor. These bonds function partly as promises that you can complete the project correctly and make sure everyone involved sees their payday. Even if surety bond requirements weren’t on the books, you’d still need them if you ever wanted to score a big project or hire help from subcontractors.
Kansas Little Miller Act
The Kansas Little Miller Act, unlike some in other states, applies to both public and private projects, although it’s technically optional for private projects. If you do apply it to a private project, however, it needs to be enough to cover the entire price of the contract. Public projects require the same amount of coverage, but it’s only required if the contract itself is worth at least $100,000.
Surety bonds for projects in Kansas have to cover every part of the project. That includes all the supplies and labor involved in any area of the project. Some Little Miller Acts exempt certain parts of the project such as material suppliers for subcontractors, but in Kansas, they’re all covered.
Finding Surety Bonds with NSSI
The Kansas Little Miller Act describes what kind of surety bonds you need, but where do you go to find them? For quality service you can count on, look no further than NSSI. We’ve been in the surety bond business for decades now, and we’re excited to help with your next project. Think of us like your business partner throughout the entire excursion, as it’s in our best interest to see you succeed. Contact us today, and we can start the bonding process together.