Thank you for our phone discussion and for your consideration of our concerns. As I related on our recent call, I am the Director of Government Relations of the National Association of Surety Bond Producers (NASBP), a national trade organization of professional surety bond producers and brokers, whose membership includes licensed resident bond agents and licensed nonresident bond agents in Florida. It has come to our attention that FDOT’s Contract Form (attached) does not include a general warranty of workmanship and materials clause or a one-year correction of work clause like those found in many industry standardized construction contracts. Rather, FDOT includes in its contracts warranties and warranty duration periods specific to the type of services being procured.
Project Owners Beware – Don’t Eliminate Prime Bonds in Favor of Dual Obligee Status on Subcontract Bonds