123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL » Business >> View Article

Leveraging On The Federal Miller Act To Grow Your Construction Company

By Expert Author: Nathan Becker

If you are in the government construction business, you will concur that this is one of the most risk-prone industries. As a supplier, subcontractor, main contractor, there are myriad issues and laws that need to be guaranteed for the successful completion of projects and ultimately timely payment. It is in this light that the Federal Miller Act law comes into play.

Basics of the Miller Act

As a construction contractor or supplier, you might find yourself having to deal with a construction law firm specializing in this law. This just helps to point out how important this law is in the construction industry. Originally enacted as the Heard Act of 1893, the Miller Act guarantees some rights for you as a government construction contractor, sub-contractor or suppler.

Construction Lawyers thus use this law to help you recover owed monies and clear any other legal matters under contention in the federal project. The Federal Miller Act requires surety bonds by prime contractors on federal construction jobs to ensure everyone involved including the government does not end up the loser. Under the Miller Act, all projects in excess of $ 100,000 must be bonded.

As your construction law firm will explain, there are two realms of these surety bonds;

Performance bonds; this is basically devised to protect the federal government by avoiding non-performance, delays, contract extensions which could lead to added expenses. Unscrupulous contractors are thus weeded out to ensure federal construction projects are completed smoothly.

Payment bonds; under the construction lien law, you cannot lien a federal construction project. However, through the payment bond, you can still recover payment as it protects labor, material supplies, and suppliers themselves. In most cases, it equals the total amount of the contract as spelled in the terms.

Utilizing the Federal Miller Act

With this hindsight, it becomes easier to operate within the federal projects which were hitherto a no-go zone. The fact that there is a law that compels the prime contractor to pay makes it easier to finish your part of the deal. However, you need construction lawyers to help you in filing claims under the Miller Act.

There are many gray areas under the law and these can only be exploited to your benefit by a specialist in construction law. A reputable construction law firm will help you in payment bond disputes, prime and sub-contractor performance issues, bond notices and preparations, construction claims among other areas.

By using the finest legal representation available within your state, issues in construction lien law, contact drafting and litigation, construction law are dealt more effectively and in an expedited manner. These legal experts have the ability to help you maximize profits in federal projects despite the naysayers, avoid legal pitfalls which can ruin your construction company and help to give you strategies t use in future. Your personnel will also learn invaluable skills from construction lawyers and efficacy will definitely follow in future projects.

The Federal Miller Act has been billed as the only friend in government construction projects and this cannot be gainsaid. Whether you want explanations on your State's Little Miller Acts, surety defenses or anything in between, always use a reliable and experienced construction law firm and your small business will grow tremendously.

Nathan Becker is the author of this article on Cobb Law Group.
Find more information, about Services here

Total Views : 52Word Count Appx. : 549See All articles From Author

Business Articles

1. Communicate Anywhere And With Anyone Using A Best Satellite Phone
Author: Tim Austin

2. The Importance Of Safety Handrails
Author: Duraslide Pte Ltd

3. Air Conditioning Repair Los Angeles – Basic Points To Focus On
Author: coryfrank

4. A Regular Eye Exam Is The Key To A Healthy Eyes
Author: Cory Frank

5. Finding A Suitable Moving Company For Your Move
Author: Cory Frank

6. The Wl-250 Tower
Author: Leslie WaterWorks® offers the largest array of bottleless purification and filtration water coolers

7. Properties In Noida
Author: Sanjay Sirohi

8. Find Bgc Condo For Sale With Ease Through This Tips
Author: rokyfernandis12

9. Find Condo For Sale The Easier Way
Author: rokyfernandis12

10. Things To Bear In Mind While Searching For Condo For Sale Fort Bonifacio
Author: rokyfernandis12

11. Fort Bonifacio Condo For Sale At Budget Friendly Rate
Author: rokyfernandis12

12. The Benefits Of Using Iridium Satellite Phones During Emergencies
Author: Tom Austin

13. Find Right Condo For Sale Fort Bonifacio With Ease With This Guide
Author: rokyfernandis12

14. How To Make Life Easier With Edinburgh Taxi Tours
Author: Gordon Gill

15. Signage Melbourne, Australia Offers Affordable Services To Promote Your Brand Through Signage Advert
Author: jackricklomas

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: