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 [...]
Legislative Committee of the Carolinas Attends Bond & Lien Law Summit Six members of the SACM’s Legislative Committee of the Carolinas (LCC) attended a “Summit” on proposed revisions to North Carolina’s construction industry lien and bond statutes. North Carolina’s lien law, referred to as the “Machinery Act,” dates to the 1940’s, with a major [...]
