Performance Bonds for the Modern Construction Era
Navigate the complex landscape of federal Miller Act and state Little Miller Act requirements across all 50 states. Access the $2.2 trillion construction market with bonds from Treasury-certified carriers.
Expert Insight: The $1.7 trillion in federal infrastructure investment has created unprecedented demand for performance bonds across all construction markets.
Performance Bond Market Intelligence 2025
The construction industry represents $2.2 trillion annually, with public construction at $514.3 billion per U.S. Census Bureau data
Federal Infrastructure Investment
Total federal investment through IIJA, IRA, and CHIPS Act driving performance bond demand
Source: General Indemnity Group market analysis
Construction Market Size
Total US construction market with $514.3B in public construction requiring bonds
Source: U.S. Census Bureau construction spending data
Bond Market Growth
Surety market growth in 2024, driven by infrastructure and manufacturing construction
Source: AM Best surety market analysis
Federal Infrastructure Investment Impact
- IIJA: $850B for federal infrastructure projects requiring Miller Act bonds
- IRA: $280B for clean energy construction projects
- CHIPS Act: $52B for semiconductor manufacturing facilities
Industry Expert Insights
"The year is off to a terrific start with strong profitability and production in all three segments, as well as higher investment income. In short, we're firing on all cylinders."
— Alan Schnitzer, CEO, Travelers (Insurance Journal)
State Performance Bond Requirements Guide
Comprehensive analysis of the 15 states with highest construction activity, covering thresholds from Arizona's $0 to Virginia's $500,000. Data sourced from Associated General Contractors and state statutes.
Note: 180 licensed occupations require bonds
Recent Change: Proposition 2: $10B school facilities (2024)
Note: Only state with 50% performance bond option
Recent Change: HB 331 enhanced bond claim notices (Oct 2023)
Note: Dual-tier contractor system ($10K-$20K license)
Recent Change: Wicks Law amendments affecting large projects
Note: Separate trades required over $3M (NYC)
Recent Change: PA 103-570 raised threshold from $50K (2024)
Note: Threshold increase sunsets in 2029
Note: Dual security system most comprehensive
Recent Change: Proposed increases under consideration
Note: Manufacturing construction boom state
Note: Growing data center construction market
Recent Change: Contractor license increase to $40K (Oct 2023)
Note: Capturing semiconductor manufacturing
Note: Highest general threshold in top 15 states
Recent Change: 2SHB 1534 contractor bond increases (July 2024)
Note: Recent contractor bond increases to $30K
Recent Change: No threshold - bonds required on all projects
Note: Most stringent requirement nationally
Recent Change: DCAMM certification requirements updated
Note: Enhanced subcontractor payment protections
Recent Change: Bond assistance program expanded
Note: Unique mega-project flexibility
Recent Change: Home improvement bonds $25K-$50K (Jan 2024)
Note: Treasury verification required over $850K
Key Legislative Trends 2023-2025
Threshold Increases
Illinois raised threshold from $50K to $150K (temporary through 2029)
Enhanced Protections
Florida HB 331 improved bond claim notice requirements
Federal Investment
$1.7T infrastructure spending driving bond demand across all states
Performance Bond Tools & Calculators
Interactive tools to help contractors understand bonding requirements and capacity
Typical rate range
Working capital multiplier
States covered
Why Choose Our Performance Bond Services?
Working exclusively with Treasury-certified carriers to provide Miller Act compliant bonds across all 50 states
Treasury Certified
All carriers on official Treasury Department list
A- Rated Minimum
Financial strength ratings verified by AM Best
Fast Processing
24-48 hour decisions on standard applications
Expert Support
Licensed bond professionals in all 50 states
Industry Leadership
- Member of Surety & Fidelity Association of America (SFAA)
- Licensed insurance producers in all 50 states
- Specialized in construction and contract bonds since 2010
Market Intelligence
"Because of the success of companies writing surety coverage, carriers are considering allocating more resources to writing this line, and surety underwriters are considering how to expand their portfolios."
— Robert Valenta, Senior Analyst, AM Best
Ready to Access Billion-Dollar Construction Projects?
Performance bonds unlock access to federal, state, and large private construction contracts
Performance bonds are essential for contractors seeking to grow their business with larger, more profitable projects. Our Treasury-certified carriers provide the financial backing you need to compete for major construction contracts.