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New Law Propels Subcontractor Protection into Next Millennium.

President Clinton signed into law last week a bill to increase payment protection for subcontractors of federal construction projects.

The Construction Industry Payment Protection Act of 1999 amends the 1935 Miller Act, which requires prime contractors on all federal construction projects over $2,000 to provide a payment bond to everyone supplying labor and material; i.e., subcontractors. The ancient bill, however, required only that the payment bond be a maximum of $2.5 million for projects over $5 million.

Those fees are no longer valid by today's standard

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