Payment and Performance Bonds in Florida

Bonds

Checklist for a 255.05 Bond

Contractors working on public projects should be familiar with the requirements of Florida Statute §255.05. Here is what a 255.05 bond needs to state on its face: [color-box color="mycustomcolor"] · Name, principal address, and phone number of the contractor, the...

Read More

(post) Checklist for a 255.05 Bond
Bonds

3 Simple Steps to Filing a Payment Bond Claim

A payment bond secures one’s right to be paid on a construction project. If a job is bonded, a claim exists against that payment bond. How do you know if a job is bonded? A copy of the bond should be posted at the job site. A copy of the bond is also likely...

Read More

(post) 3 Simple Steps to Filing a Payment Bond Claim