Tag Archives: public payment 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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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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What Venue should I Sue the Payment Bond Surety?

Let’s say you have a claim against a payment bond: either an unconditional payment bond on a private project (per Florida Statute s. 713.23) or a public payment bond (per Florida Statute s. 255.05). Ok, now, in what venue do … Continue reading

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Out-of-Pocket Delay and/or Lost Productivity Costs are Recoverable Against Payment Bond Surety

One of the good things about payment bonds, particularly Miller Act payment bonds or public payment bonds, is that if you are a claimant you can recover your out-of-pocket time impact costs. Whether the out-of-pocket expenses are the result of … Continue reading

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