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  • Fl Contractors Construction Bond - Hillsborough County 2002

Get Fl Contractors Construction Bond - Hillsborough County 2002-2026

Please insure your bonding company completes all lines. 1. Upper Left: ''Bond For'' must state what classification of contractor the bond covers (i.e. Building, General, Mechanical, Electrical, Plumbing, Gas, Specialty (specific trade), Swimming Pools, Roofing, Irrigation, etc.). 2. The first blank space in Paragraph 1 must contain the complete name of the ''Principal'' (License Holder) or the license holder's name and company name if the contractor is qualifying a corporation or firm. If the co.

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How to fill out the FL Contractors Construction Bond - Hillsborough County online

This guide provides clear and detailed instructions on how to complete the FL Contractors Construction Bond required for contractors operating in Hillsborough County. Each step is designed to assist users of all experience levels in correctly filling out this bonding form online.

Follow the steps to successfully complete the bond form.

  1. Press the ‘Get Form’ button to access the bonding form and open it in the online editor.
  2. In the upper left section, specify the type of contractor that the bond covers, such as Building, General, Mechanical, Electrical, or Plumbing.
  3. In the first blank of Paragraph 1, enter the complete name of the Principal (license holder). If the contractor qualifies a corporation or firm, include both the license holder's name and the company's name.
  4. Ensure that if the contractor holds a state license, the name on the bond matches that on the state license. Only one corporation or firm name is allowed.
  5. In the second blank of Paragraph 1, write the name of the Insurance Company providing the bond.
  6. Re-enter the name of the Principal as stated in step three in the first blank of Paragraph 2.
  7. The Principal must sign the bond and indicate their title if qualifying as a corporation or firm.
  8. Ensure that all bonds are marked as 'Continuous' until officially cancelled, with any cancellation notices submitted at least 15 days prior to the cancellation date.
  9. The bonding company must inform the Hillsborough County Contractor Licensing Team in writing of any claims made on the bond.
  10. Confirm that the bond includes the embossed seal of the insurance company and is signed by the Attorney-in-Fact for the insurance company, with a Power-of-Attorney attached.
  11. Once all sections are completed, save your changes, and download, print, or share the document as needed.

Complete the bonding form online today to ensure compliance.

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The bond amount a licensed contractor needs varies depending on the type of work he or she will perform. Division I contractors must post a $20,000 bond, while Division II contractors need either a $10,000 or $5,000 bond. However, you do not pay the entire amount of the Florida licensed contract bond.

A bid bond is a guarantee that the bid you submit for a project (usually public construction jobs) is accurate and will post a performance bond. If your bid is inaccurate or you can't fulfill the obligations of your bid, a claim can be made against your bid bond which you're responsible to pay.

Florida requires construction contractors who have a credit score below 660 to obtain a construction contractor bond. If a contractor's credit score drops below 660, they will need to purchase the bond regardless of if they have already obtained their license.

A construction bond is a type of surety bond used by investors in construction projects. The bond protects against disruptions or financial loss due to a contractor's failure to complete a project or failure to meet project specifications.

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