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Claim Against Bond Florida Statutes 255.05 Prime Contractor Name: ___Claimant Name: ___Address: ___ ___ ___Address: ___ ___ ___Surety Name: ___Description of Services: ___ ___ ___ ___ ___ Phone: ___
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How to fill out payment and performance bond
How to fill out payment and performance bond
01
Gather the necessary information such as project details, company information, and financial statements.
02
Contact a surety company or agent to apply for a payment and performance bond.
03
Fill out the application form provided by the surety company, providing accurate and detailed information.
04
Submit any required documents such as financial statements, project details, and company information.
05
Await approval from the surety company and pay any required fees.
06
Once approved, sign the bond agreement and provide it to the obligee.
Who needs payment and performance bond?
01
Construction contractors
02
Subcontractors
03
Suppliers
04
Government agencies
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What is payment and performance bond?
Payment and performance bond is a type of surety bond that guarantees that a contractor will fulfill their obligations on a construction project and pay subcontractors, laborers, and suppliers.
Who is required to file payment and performance bond?
Contractors working on public construction projects are typically required to file a payment and performance bond.
How to fill out payment and performance bond?
To fill out a payment and performance bond, the contractor must provide information about the project, including the contract amount, start and end dates, and details about subcontractors.
What is the purpose of payment and performance bond?
The purpose of a payment and performance bond is to protect the project owner from financial loss in case the contractor fails to complete the project or pay subcontractors.
What information must be reported on payment and performance bond?
The payment and performance bond typically requires information about the contractor, the project, and any subcontractors involved.
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