Miller Act

The Miller Act is a U.S. federal law that requires contractors on government construction projects to provide a performance bond and a payment bond. This ensures that the project will be completed as promised and that workers and suppliers will be paid for their labor and materials. Essentially, it protects the government and those who work on the project by ensuring financial accountability. If a contractor fails to pay subcontractors or suppliers, those parties can seek compensation through the bond, which serves as a financial safety net for construction projects funded by federal money.