Bid Bond Requirements for Work Release Center Expansion, Hollywood Work Release Center

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.

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