Some of the topics and issues that will be covered during this Seminar include, but are not limited to:

·     Types of Bonds in the Construction Industry

   o Bid Bonds, Performance Bonds and Payment Bonds

·     Parties: The Parties Involved and Relationship of Parties to Each Other

  o Rights and Duties of Principal, Surety and Obligee

·     Obtaining Performance and Payment Bonds

·     Performance Bonds:

  o Purpose of Performance Bonds

  o Terms and Conditions of Performance Bond

  o Amount of Performance Bond

  o Obligee’s Duties

  o Surety’s Obligations, Duties, Liability, and Performance Options

  o Surety’s Defenses

·     Payment Bonds:

  o Purpose of Payment Bonds

·  Payment Bonds – Private Projects

  o Procedure for Claimants Seeking to Recover against F.S. 713.23   

   Unconditional Bond, F.S. 713.245 Conditional Bond, and/or F.S. 713.24      

   Lien Transfer Bond

·  Payment Bonds – Public Projects

o Procedure for Claimants Seeking to Recover against Miller Act Bond, F.S.     

   255.05 Bond, and F.S. 337.18 FDOT Bond

·  Common Law Payment Bonds / Subcontractor Payment Bonds

·  Notice of Contest of Claim against Bond

·  Waivers and Releases of Right to Claim against Payment Bond

·  Venue on Bond Claims

·    Duties of Surety – Payment Bonds

·    Duties of Surety – Performance Bond

·    Surety’s Defenses to Performance Bond Claims

·    Surety’s Defenses to Payment Bond Claims

·    Attorneys’ Fees for Bond Claims