What does the Miller Act require for federal projects over $100,000?

The Miller Act mandates that for federal construction projects exceeding $100,000, contractors must provide performance and payment bonds. The purpose of this requirement is to protect the federal government and subcontractors by ensuring that there are financial guarantees that the contractor will complete the project (performance bond) and that all labor and materials used for the project will be paid for (payment bond). This requirement helps mitigate risks associated with default or non-payment in government contract work, ensuring that projects can be completed without financial disruption.

While minimum wage compliance, liability insurance coverage, and environmental impact assessments are important aspects of federal contracting, they are not specifically mandated by the Miller Act in the context of bonding requirements for federal projects over the stated threshold. The focus of the Miller Act is specifically on bonding to protect the interests of the government and those who may work on or supply materials for the project.