The Miller Act: Federal law (40 U.S.C. ยง 3131-3134) requiring performance and payment bonds for federal construction projects over $100,000. Sets the foundation for bond requirements in federal contracts.
UCC Article 3: Uniform Commercial Code provisions governing negotiable instruments, which influence the form and transferability of performance guarantee bonds.
Federal Acquisition Regulation (FAR): Comprehensive set of rules governing federal procurement procedures, including specific requirements for performance bonds in federal contracts.
Little Miller Acts: State-specific versions of the federal Miller Act, establishing bond requirements for public works projects at the state level.
State Surety Bond Regulations: State-specific rules governing the issuance, form, and enforcement of surety bonds within each jurisdiction.
State Contract Laws: General contract law principles specific to each state that affect the formation, interpretation, and enforcement of performance guarantee bonds.
State Statutes of Limitations: Time limits set by state law for bringing claims or actions related to performance guarantee bonds.
State Insurance Regulations: Regulatory framework governing insurance and surety companies, including licensing, capital requirements, and operational standards.
Treasury Circular 570: Department of Treasury requirements listing approved surety companies and their underwriting limitations for federal bonds.
Statute of Frauds: Legal requirement that certain contracts, including performance guarantee bonds, must be in writing and signed to be enforceable.
Notice Requirements: Statutory and contractual requirements for providing notice of claims, defaults, or other significant events under the bond.
Claims Procedures: Legal and contractual framework governing how claims against performance guarantee bonds must be made and processed.
Relevant Case Law: Body of court decisions interpreting performance bond requirements, obligations, and enforcement across federal and state jurisdictions.
