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  2. Little Miller Act - Wikipedia

    en.wikipedia.org/wiki/Little_Miller_Act

    § 2.2-4337. Bond waived for Pre-Qualified Contractors for contracts over $100,000.00 up to corresponding limits. 100% Payment & Performance Bond, certified funds, or cash escrow required for Non-Transportation related contracts exceeding $500,000.00. Transportation related contracts exceeding $250,000.00. Payment Bond Required: § 2.2-4337.

  3. Payment bond - Wikipedia

    en.wikipedia.org/wiki/Payment_bond

    A payment bond is a surety bond posted by a contractor to guarantee that its subcontractors and material suppliers on the project will be paid. [1] They are required in contracts over $35,000 with the Federal Government and must be 100% of the contract value. [2] They are often required in conjunction with performance bonds.

  4. Cost estimate - Wikipedia

    en.wikipedia.org/wiki/Cost_estimate

    Labor burdens, material costs, construction equipment costs, and, if applicable, subcontractor costs are also extended on the estimate detail form. [30] Other costs and pricing are added, such as overhead, profit, sales or use taxes, payment and performance bonds, escalation, and contingency. [31]

  5. Performance bond - Wikipedia

    en.wikipedia.org/wiki/Performance_bond

    [4] States have also enacted what are referred to as "Little Miller Act" statutes, [5] requiring performance and payment bonds on State-funded projects. Each bond has a designated bond amount. Surety bond companies will determine the bond rate based on risk and then charge a surety bond premium in the range 1-15% of the bond amount. [citation ...

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  7. Miller Act - Wikipedia

    en.wikipedia.org/wiki/Miller_Act

    Construction of the Pentagon, 1942.. The Miller Act (ch. 642, Sec. 1-3, 49 stat. 793,794, codified as amended in Title 40 of the United States Code) [1] requires prime contractors on some government construction contracts to post bonds guaranteeing both the performance of their contractual duties and the payment of their subcontractors and material suppliers.

  8. Insurance company taking over San Benito $40 million project

    www.aol.com/news/insurance-company-taking-over...

    SAN BENITO — A year after the San Benito school district's shutdown of a $40 million bond-funded project, an insurance company is taking over construction after the school board placed its ...

  9. Gwyneth Paltrow Whips Up One of Her ‘#BoyfriendBreakfasts ...

    www.aol.com/gwyneth-paltrow-whips-one-her...

    Gwyneth Paltrow is cooking up a tasty breakfast for Brad Falchuk!. On Monday, Dec. 16, the Oscar winner, 52, posted a video on Instagram of her making one of her viral “boyfriend breakfasts ...