MLchartDataset catalogue

Little Miller Acts

Term · Insurance and risk management · MLC-T-INS-002040

State statutes that mirror the federal Miller Act, requiring contractors on public works projects to furnish payment and performance bonds. These bonds protect subcontractors, suppliers, and the public entity from financial losses if the prime contractor defaults on its obligations. Each state's act specifies the types of projects and bond requirements.

Table 1. Record
IdentifierMLC-T-INS-002040
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002040",
  "term": "Little Miller Acts",
  "field": "Insurance and risk management",
  "definition": "State statutes that mirror the federal Miller Act, requiring contractors on public works projects to furnish payment and performance bonds. These bonds protect subcontractors, suppliers, and the public entity from financial losses if the prime contractor defaults on its obligations. Each state's act specifies the types of projects and bond requirements.",
  "url": "https://mlchart.com/terminology/insurance/little-miller-acts/"
}

Record 1,993 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.