A payment bond secures your right to be paid on a construction project. Instead of a lien on the property, if the job is bonded, your claim exists against that payment bond.
No damage for delay clauses are standard provisions these days and are valid and enforceable in the state of Florida. What is a No Damage for Delay Clause? It a provision that says under no circumstances will you be entitled to recover…
Every situation is unique. A $50,000 contract is different that a $500,000 contract, residential is different than commercial; and the bargaining positions of each party are very different.