Private Owner Construction ($5,000) Bond - Orlando, FL in Florida

Brief Summary

This $5,000 bond is what the City of Orlando holds to make sure public right-of-way disturbed by permitted work gets put back the way it was. It is a short, inexpensive filing compared with tying up $5,000 in cash for the life of the permit, and it goes straight onto the city's own Construction Bond form.

The City of Orlando requires a construction bond from the party doing permitted work that disturbs public right-of-way. The city's Construction Bond form names the City of Orlando as obligee and guarantees that the right-of-way is restored to its pre-construction condition within the permitted time, that permit obligations are met and that the city is held harmless from resulting costs. This listing is for a $5,000 bond. The surety must be authorized to do business in Florida.

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How to Apply for a Private Owner Construction ($5,000) Bond:

• Confirm with City of Orlando Permitting Services the bond amount set for your right-of-way permit.
• Have the permit or development description and the date of the approved plans ready for the form.
• Provide the legal name of the principal doing the work.
• Complete the bond application and review the quoted premium.
• Have the surety execute the City of Orlando Construction Bond form with signatures, witnesses and notary.
• Submit the executed bond with the right-of-way permit.

Detailed Information About the Florida Private Owner Construction ($5,000) Bond:

This is a right-of-way bond, not a contract bond

Many people assume a construction bond protects a property owner against their builder. This one runs the other way. The obligee is the City of Orlando, and the bond guarantees the city that public right-of-way affected by the permitted work will be restored to its pre-construction condition, in line with the approved plans and specifications and within the time allowed.

What the city form says

The city's Construction Bond form requires a surety authorized to do business in Florida. The principal agrees to restore the right-of-way, meet every obligation of the permit and its plans, and indemnify the city against claims, costs and damages, including engineering and legal fees, caused by a failure to perform. If the principal defaults, the surety must perform after 45 days' written notice from the city. If neither acts, the city may restore the right-of-way itself and recover its costs from the principal and surety jointly and severally.

Single permit or blanket

The $5,000 bond on this page covers the work described on the form. The city also publishes a separate Blanket Construction Bond form set at $500,000 with a two-year term, which caps the surety's liability at the bond amount per calendar year regardless of the number of claims. That is a different bond with its own form.

Before you buy

Right-of-way permits are applied for through the city's permitting process. Confirm with City of Orlando Permitting Services that $5,000 is the amount set for your permit and which development description to put on the form.

Eligibility and Requirements for a Florida Private Owner Construction ($5,000) Bond:

• City of Orlando, Florida named as obligee.
• Surety company authorized to do business in Florida.
• Bond amount of $5,000 for this listing.
• Obligation to restore public right-of-way to pre-construction condition within the permitted time.
• Indemnity to the city for costs, including engineering and legal fees, caused by nonperformance.

Florida Private Owner Construction ($5,000) Bond FAQs:

Official and Additional Resources for the Florida Private Owner Construction ($5,000) Bond: