Effective Oct. 1, 2010, the threshold increases to $150,000, up from $100,000, on Department of Defense construction contracts for which Miller Act surety bonds are required.
Federal law requires regulators to adjust acquisition-related thresholds for inflation every five years. The final rule was published on Aug. 2, 2010. For more information see Federal Register Here. Additional discussion found at www.fedgovcontracts.com.