Tag Archives: public bond

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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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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