Statements (46)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:United_States_federal_law
|
| gptkbp:bfsLayer |
4
|
| gptkbp:bfsParent |
gptkb:U._S._Department_of_Veterans_Affairs
|
| gptkbp:addresses |
financial risks in construction projects
|
| gptkbp:amended_by |
have been made to adjust thresholds
various laws over the years |
| gptkbp:applies_to |
government contracts
federal construction projects |
| gptkbp:consequences |
failure to comply can lead to legal action
|
| gptkbp:contract |
over $150,000
|
| gptkbp:effective_date |
gptkb:1935
|
| gptkbp:enacted_by |
gptkb:legislation
|
| gptkbp:enforces |
gptkb:U._S._Department_of_Labor
is overseen by federal agencies |
| gptkbp:established |
gptkb:Public_Law_74-271
|
| gptkbp:goal |
to ensure payment for labor and materials
|
| gptkbp:has_documentation |
for claims against bonds
|
| gptkbp:has_impact_on |
financial institutions involved in construction financing
|
| https://www.w3.org/2000/01/rdf-schema#label |
Miller Act
|
| gptkbp:impact |
increased financial security for public projects
|
| gptkbp:includes_provisions_for |
certain small contracts may be exempt
|
| gptkbp:influenced_by |
construction industry practices
|
| gptkbp:influences |
state bonding laws
|
| gptkbp:integrates_with |
public works projects
|
| gptkbp:is_a_framework_for |
for public contracting
|
| gptkbp:is_challenged_by |
in courts regarding its provisions
|
| gptkbp:is_cited_in |
in legal disputes regarding payment issues
|
| gptkbp:is_considered |
a key piece of legislation for contractors
|
| gptkbp:is_critical_for |
construction industry stakeholders
|
| gptkbp:is_part_of |
U. S. contract law
the legal framework for federal contracting. |
| gptkbp:is_protected_by |
subcontractors and suppliers
|
| gptkbp:is_related_to |
federal procurement policies
|
| gptkbp:is_similar_to |
Little Miller Acts in states
|
| gptkbp:is_subject_to |
interpretation by courts
|
| gptkbp:jurisdiction |
federal courts
|
| gptkbp:legislation |
gptkb:Prompt_Payment_Act
|
| gptkbp:origin |
named after Congressman William Joseph Miller
|
| gptkbp:provides |
mechanism for claims against bonds
|
| gptkbp:purpose |
to require performance bonds for certain public contracts
|
| gptkbp:related_to |
construction law
bonding requirements |
| gptkbp:requires |
contractors to provide surety bonds
performance and payment bonds subcontractors must notify if not paid |
| gptkbp:social_responsibility |
to subcontractors and suppliers
|