On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association representing professional surety bond producers and brokers, I am contacting you about the bid bond requirements contained in the bidding documents for the “Work Release Center Expansion, Hollywood Work Release Center, State Project No. GL-32 (WRC),” a project to be constructed for the Department of Corrections. It has come to my attention that section “B-11 BID GUARANTEE” contains a requirement for a bid bond signed by a “Florida Licensed Resident Agent.” It is our belief that such a requirement runs counter to Florida law and the applicable statute, specifically F.S.A. § 624.425, a copy of which is attached.
Topic
Advocacy, Bid Bond
Publish Date
February 22, 2010
Region
Florida, States
Audience
Agents, Owners
Resource Type
Comment Letter, Resource Map
Supporters Request H.R. 1285, the Water Infrastructure Subcontractor & Taxpayer Protection Act, Receive Markup Which Is Pending Before the Transportation & Infrastructure Committee