Look out, suppliers and subcontractors. A new ruling out of the U.S. District Court for Nevada allows a surety to expressly limit the duration of a payment bond issued under the Miller Act. This means that subcontractors and suppliers on federal construction projects can no longer assume that payment protection under a Miller Act payment [...]
A controversial provision in the federal health care law will greatly increase record keeping and forms processing for small businesses. Starting in 2012, section 9006 of the Affordable Care Act makes two big changes: (1) payments businesses make to corporations will no longer be exempt from having to issue a 1099 and (2) the types [...]
New Direct Purchase Procedures Effective January 2, 2011! After many years of hard work the ICPC was successful during the 2010 Legislative Session in passing substantial changes to the law governing direct purchase of construction materials by a governmental entity. Changes to the governing statute, new administrative rule, and DOR publications on direct purchase now [...]
