The Miller Act

The Miller Act is a United States law that requires contractors on federal construction projects to provide a performance bond and a payment bond. The performance bond ensures that the contractor will complete the project as promised, while the payment bond guarantees that subcontractors and suppliers will be paid for their work. This law protects the interests of workers and suppliers by ensuring they have the means to seek payment if a contractor fails to fulfill their obligations. It helps to promote accountability and financial security in federal construction projects.