Category Archives: Bond Claims
Surety Bonds in Florida Construction Projects
Regardless of your role in the Florida construction industry, it is a given that you will need to deal with surety bonds on an almost-daily basis. A bond is required by Florida’s Little Miller Act any time you are working on a public project in excess of $200,000, and it may be a condition… Read More »
What are the Legal Rights of a Project Owner or Surety in the Event of a Construction Default?
Surety bonds play an essential role in Florida construction projects. The surety guarantees the performance of a general contractor in completing a project under the terms of its contract with the owner. In the event of default, the owner can terminate the contract and demand satisfaction from the surety. Court: Surety Allowed to Retain… Read More »
