Title
3058-050-Final pass-02_Koprince.indd
By
viy
Description
47 THE SLOW EROSION OF SURETYSHIP PRINCIPLES: AN UNCERTAIN FUTURE FOR “PAY-WHEN-PAID” AND “PAY-IF-PAID” CLAUSES IN PUBLIC CONSTRUCTION SUBCONTRACTS Steven J. Koprince I. Introduction ........................................................................................... 49 II. Policy and Principles: Mechanic’s Liens, Payment Bonds, and the Miller Act ...................................................... 49 A. The Miller Act and Little Miller Acts as Mechanic’s Lien “Substitutes...

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