DOCUMENT

FORM - Payment bond

  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: FORM - Form
This document is a Payment Bond between a contractor and a surety, with Orange County, a political subdivision of the State of Florida, as the obligee. The bond is in the amount of a specified sum of money and is intended to ensure that the contractor makes prompt payments to all claimants for labor and materials used or furnished in connection with a specific project described in a contract. The bond also states that claimants covered by Section 713.01 of the Florida Statutes have a direct right of action against the principal and surety after providing written notice of performance and non-payment. The bond must also satisfy the notice requirement and time limitations of Section 255.05 of the Florida Statutes. The document includes signatures and seals from the contractor, surety, and witnesses, as well as a notary public.
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