Surety bonding is a fact of life for contracting and construction businesses. It’s the way in which you give security and peace of mind to the people with whom you’re contracting, as well as to those entities who contract with you. It’s even required by law, depending on the individual state a...

When you’re a contracting business, it’s essential that you have the ability to offer security to your contract providers – that is, they need reassurance that you’ll be able to complete the job you promise to do. That’s especially important if you are a small or medium sized company just ...

If you work in the construction and contracting industries, you’re already well aware of the importance of surety bonding. What you may not be aware of, especially if you’re a small business trying to grow to compete at larger levels, is that there are federal and state laws regulating the kinds...

As far back as 1894 in the late 19th century the government realized the importance of protecting itself against unscrupulous and irresponsible contractors and even against losses from unforeseen consequences on a job. This resulted in the Heard Act, which required contractors to be bonded against s...

As a contractor, in order to grow your business at some point, you’ll want to bid on a government project. When this happens you’ll find yourself suddenly faced with terms like, “Miller Act” and “Little Miller Act.” Unfamiliar terminology can always throw you for a loop, but there’s no...

Originally called the Heard Act when first established back in the late 19th century, the current Miller Act was put into place in 1935 and serves to protect materials and service providers. It protects the Federal government from irresponsible contractors who bid on jobs and don’t fulfill their r...

If you’re a contractor, you’re going to encounter the phrase “Miller Act” at some point in time. Experienced construction companies are quite familiar with what this entails, while newer small- to medium-sized companies may be confused at the term and curious as to what they need to do. The ...

If you run a contracting or construction business, it’s a foregone conclusion that you’ll need to secure surety bonds at some point in time. These are the means by which you protect your reputation and your business should something unforeseen happen. They make sure that your clients, vendors an...

A Little Miller Act is something that any contractor wishing to do government work at the state, regional or municipal level will have to face. Based on the Federal Miller Act, these statutes require the carrying and posting of certain surety bonds in order to protect the contract issuer’s interes...

When you’re running a contracting business you’re eventually going to come across a state Little Miller Act. These statutes are based on the Federal Miller Act, which in turn assures your clients that you’ll complete the work you agreed to complete. It provides peace of mind to both the agency...