Public Payment Bonds (Florida Statute s. 255.05)

On public construction projects, excluding Florida Department of Transportation projects, the general contractor’s payment bond will be issued pursuant to Florida Statute s. 255.05. ┬áThis public payment bond protects unpaid subcontractors and suppliers (etc.) because public property cannot be liened whereas private property can.

Please check this article for more information on public payment bonds issued pursuant to Florida Statute s. 255.05.

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