payment bond การใช้

States have enacted what is referred to as Little Miller Act statutes requiring Performance and Payment bonds on State Funded projects as well.
In the United States, under the Miller Act of 1932, all Construction Contracts issued by the Federal Government must be backed by Performance and Payment Bonds.
Little Miller Acts also typically require the posting of a payment bond, which provides an alternate source of payment to the subcontractors and material suppliers who worked on the job.
Performance bonds are generally issued as part of a'Performance and Payment Bond', where a Payment Bond guarantees that the contractor will pay the labour and material costs they are obliged to.
Performance bonds are generally issued as part of a'Performance and Payment Bond', where a Payment Bond guarantees that the contractor will pay the labour and material costs they are obliged to.