Tag Archives: Florida Statute 255.05

Florida Statute s. 255.05 Public Payment Bond Duration

On most Florida public construction projects, the general contractor is required to furnish the public owner with a public bond–a payment and performance bond.  This requirement is contained within Florida Statute s. 255.05.   The public payment bond is for … Continue reading

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Florida Public Construction Bond Form

What does a Florida public construction bond look like for public projects?  As a starter, Florida Statute s. 255.05 states that the bond may be in substantially the same form as depicted below.  This is a common public construction bond form … Continue reading

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The Notice of Contest Against Payment Bond

I have talked about recording a Notice of Contest of Lien to shorten the lienor’s stature of limitations to foreclose on the construction lien from one year to sixty days. This same principle applies to a statutory payment bond claims … Continue reading

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Retainage Exception for Public Payment Bonds

On a public project with a public payment bond, there is a retainage exception regarding the TIMING of when a subcontractor, sub-subcontractor or supplier can initiate a lawsuit concerning retainage.  This retainage exception is important for claimants initiating a payment bond lawsuit … Continue reading

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Right to Recover Reasonable Attorney’s Fees Against a Public Payment Bond

If you are a claimant (subcontractor, sub-subcontractor, or supplier) on a Florida public construction project then you know you need to preserve payment bond rights, especially if you are not paid for labor, services, or materials you performed or furnished for … Continue reading

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Recording Payment & Performance Bonds on Public Construction Projects

If you are a contractor working on a Florida public construction project (excluding an FDOT project) with a contract value in excess of $200,000, then you need to furnish the public entity with a payment and performance bond.   Prior … Continue reading

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