Miller Act

Miller Act
A federal statute enacted in 1935, as a successor to the Heard Act of 1894, providing that before any contract, exceeding $2,000 in amount, for the construction, alteration, or repair of any public building or public work of the United States, is awarded to any person, such person shall furnish to the United States a performance bond for its protection and a payment bond for the protection of all persons supplying labor and material in the prosecution of the work provided for in the contract. 40 USC §§ 270a-270d.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем написать реферат

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