Public Payment Bond

  • VENUE FOR SUING PUBLIC PAYMENT BOND

    … Public payment bonds (excluding FDOT payment bonds) are governed under Florida statute s. 255.05. As it pertains to venue—the location to sue a public payment bond–the statute provides in relevant portion: (5) In addition to the provisions of chapter 47, any action authorized under this section may be brought in the county in which…

    Florida Construction Legal Updates- 14 readers -
  • DURATION OF PUBLIC PAYMENT BOND = FULL TERM OF PUBLIC CONTRACT

    … Florida Statute s. 255.05 governs public payment bond rights on Florida public construction projects (other than Florida Department of Transportation projects). This is an important statute for all that perform Florida public construction work! (Check out this article for more information on s. 255.05 and this chart summarizing steps required…

    Florida Construction Legal Updates- 12 readers -