Inflation Drives Efforts to Increase State Construction Bond Thresholds in 2008

February 10, 2009

Today, everyone is looking for a way to cut expenses, even with state construction bonds (a type of contract bond). Some states that have not matched the federal Miller Act, with a threshold of $100,000, are now thinking about increasing their thresholds. Since there are not many claims under $100,000, it is believed that by changing the threshold to $100,000 taxpayers

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Category: Contract Bonds, Surety & Construction News

Tags: inflation, state bond thresholds

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