As noted in the Federal Register that was issued Monday, August 30, 2010, the Federal Acquisition Regulation (FAR) Councils have instituted the Consumer Price Index increase to the Federal Miller Act that will be effective October 1, 2010. This raises the current threshold for all payment and performance bonds when agencies acquire federal construction contracts from $100,000 to $150,000. NASBP submitted comments to the FAR Council on this rule earlier this year stating that a CPI increase to the Miller Act would put subcontractors, suppliers, and taxpayers at risk, and, because of its protective purpose, the Miller Act threshold should not be subject to adjustments for inflation. NASBP will continue to seek to introduce legislation to exempt the Miller Act threshold from being indexed for inflation. To review the position brief compiled by NASBP and the Surety & Fidelity Association (SFAA) on the issue, click here. To review the Federal Register, click here.