Surety Bond Encyclopedia

City Electrical Contractor ($5,000) Bond - Lakeland, FL in Florida

Brief Summary

Lakeland can ask an electrical contractor for one bond before pulling building permits in the city, and Florida law caps that bond at $5,000. You pay a yearly premium instead of tying up $5,000 in cash, and the same bond counts toward any other financial responsibility requirement in state law.

Florida Statute 489.537(3)(d) lets a city or county require one bond per electrical contractor, in an amount not to exceed $5,000, filed in each jurisdiction where a building permit is requested. The bond is payable to the Governor, not to the City of Lakeland, and it is conditioned only on compliance with the Florida Building Code. Confirm the current form and filing steps with the City of Lakeland permitting office before the bond is issued.

We can help with all Florida bonds!

How to Apply for a City Electrical Contractor ($5,000) Bond:

  • Have your state electrical contractor certification or registration number ready.
  • Use the legal business name exactly as it appears on your state license.
  • Owner name, home address and Social Security number for the credit review.
  • Complete the bond application and review the quoted premium.
  • Pay the premium and receive the executed $5,000 bond.
  • File the bond with the City of Lakeland permitting office before requesting a building permit.

Detailed Information About the Florida City Electrical Contractor ($5,000) Bond:

What most applicants get wrong

This bond is not written to the City of Lakeland as obligee. Under Florida Statute 489.537(3)(d), local electrical contractor bonds are payable to the Governor and filed with each county or municipality where the contractor requests a building permit. That wording differs from the bonds many general and trade contractors see under part I of Chapter 489, so a bond form pulled from another trade may be rejected.

Who posts it

An electrical contractor, whether state certified or registered, who wants building permits issued in Lakeland. The statute allows a city to require one bond for each electrical contractor. It cannot be stacked into several bonds for the same contractor in the same city.

What the bond guarantees

The statute limits the condition to compliance with the Florida Building Code adopted under section 553.73. It is not a payment bond for suppliers and it is not a performance bond for a specific job. A claim must tie back to a code violation.

The $5,000 figure

Five thousand dollars is the most a Florida city or county may require for this bond. Lakeland lists it at that ceiling.

Statewide reciprocity

The statute says bond reciprocity shall be granted statewide and that the bond must be equally available to all electrical contractors regardless of how long they have been certified or registered, or of any financial responsibility requirement. Every such bond also counts toward any financial responsibility requirement imposed by statute or rule.

How premium is set

The surety prices the bond from the owner's credit and the contractor's history. Pricing is shown when you apply.

Eligibility and Requirements for a Florida City Electrical Contractor ($5,000) Bond:

  • Bond amount of $5,000, the maximum allowed under Fla. Stat. 489.537(3)(d).
  • Bond payable to the Governor of Florida.
  • Condition limited to compliance with the Florida Building Code.
  • One bond per electrical contractor in the jurisdiction.
  • Confirm the current bond form with the City of Lakeland before issuance.

Florida City Electrical Contractor ($5,000) Bond FAQs:

Is the City of Lakeland the obligee?

No. Florida Statute 489.537(3)(d) makes local electrical contractor bonds payable to the Governor. The bond is filed with the city where you request building permits.

Can Lakeland require more than $5,000?

No. The statute caps a city or county electrical contractor bond at $5,000 and allows only one bond per electrical contractor.

What can a claim be made for?

Only failure to comply with the Florida Building Code. The statute conditions the bond on code compliance and nothing else.

Does this bond help with other requirements?

Yes. The statute says these bonds apply toward any financial responsibility requirement imposed by statute or rule, and reciprocity is granted statewide.

Official and Additional Resources for the Florida City Electrical Contractor ($5,000) Bond:

All Florida Contractor bonds · All Florida Electrical bonds · All Lakeland, FL bonds · All Florida surety bonds