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Your Guide to The Miller Act Vs. The Little Miller Act

Posted: December 16, 2020
If you work in construction, you have probably heard of The Miller Act, especially if you specialize in government contracts. This is your guide to The Miller Act vs. The Little Miller Act, which are state-specific versions that can have a bearing on your work as well. Have additional questions? Don't hesitate to contact our team at Gray Surety to learn more. The Miller Act works to protect first and second-tier construction parties by allowing them to recover outstanding debts. […]

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What Is A Surety Bond?

Posted: August 25, 2020
Whether it's a parking lot or levee, highway, or hospital, you'll usually need a surety bond to guarantee your work on a state or federal construction project. Federal contracts valued at over $150,000 require a surety bond. If you want to learn more about various types of surety bonds, this will be a helpful guide. At Gray Surety, we're committed to underwriting surety bonds that help companies grow their business in a responsible manner. We know a major part of […]

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What You Need to Know About A Force Majeure Clause

Posted: June 12, 2020
There is no doubt that we’re living in uncertain times. The COVID-19 pandemic has prompted a worldwide economic standstill. In order to flatten the curve, government authorities are calling on people to stay at home and avoid the risk of exposure. So, what does this mean for government construction projects? Supply chain disruptions, illness among workers, and other factors can all influence your original intended timeline. Whether drafting new agreements or revising existing ones, the importance of a force majeure […]

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