Surety Bond Encyclopedia

Contractors License ($5,000) Bond - Polk County, FL in Florida

Brief Summary

Polk County will not register your state registered or county specialty license until a $5,000 surety bond is on file. It is a small bond with a narrow purpose, compliance with the Florida Building Code, and an annual premium keeps it in place without tying up $5,000 of your cash.

Polk County Building Division requires a $5,000 surety bond from contractors registering a State Registered or County Specialty license, under the authority of Fla. Stat. 489.131(3)(e). By statute the bond is conditioned only on compliance with the Florida Building Code and is payable to the Florida Homeowners' Construction Recovery Fund. Registration runs two years and renews in odd-numbered years with the license.

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How to Apply for a Contractors License ($5,000) Bond:

  • Confirm your license type is State Registered or County Specialty.
  • Complete the Polk County Building Division registration form PD BLD 32.
  • Order the $5,000 bond in the exact name on your license.
  • Get general liability and workers' compensation certificates naming the Polk County Building Division.
  • Sign the Polk County Construction Waste and Setback Acknowledgment form.
  • Pay the registration fee and file everything with the Building Division in Bartow.

Detailed Information About the Florida Contractors License ($5,000) Bond:

What this bond actually covers

Many contractors assume this bond guarantees their contracts with customers. It does not. Fla. Stat. 489.131(3)(e) lets a county require one bond per contractor, in an amount not to exceed $5,000, conditioned only on compliance with the Florida Building Code adopted under s. 553.73. The bond is payable to the Florida Homeowners' Construction Recovery Fund and filed in each county or municipality where a building permit is requested.

The statute also requires these bonds to be available to all contractors equally, regardless of how long they have been certified or registered. It grants bond reciprocity statewide, and the bond counts toward any financial responsibility requirement in another statute or rule.

The exemption most people miss

Under 489.131(3)(e), a contractor who provides a third-party insured warranty policy for a new building or structure is exempt from the bond requirement for that structure.

Polk County registration

The Polk County Building Division registration form, PD BLD 32, applies to holders of any State Registered or County Specialty license. Along with the $5,000 surety bond, the county asks for a general liability certificate, a workers' compensation certificate or exemption, and the county Construction Waste and Setback Acknowledgment form. Insurance certificates must name the Polk County Building Division, PO Box 9005, Drawer GM02, Bartow, FL 33831-9005, as certificate holder.

First-time registrants also need a letter of reciprocity from their sponsoring municipality, scores of at least 75% on the business law and trade exams, and good standing with that municipality.

Registration covers two years and renews in odd-numbered years with the license. The fee is $150 for residential, trade and county specialty, $225 for building contractors and $300 for general contractors, and it is half price when registering after June 1 of an even-numbered year.

Eligibility and Requirements for a Florida Contractors License ($5,000) Bond:

  • Bond amount of $5,000.
  • Bond conditioned on compliance with the Florida Building Code.
  • Payable to the Florida Homeowners' Construction Recovery Fund, per Fla. Stat. 489.131(3)(e).
  • Polk County surety bond verification form completed.
  • Two year registration, renewed in odd-numbered years.

Florida Contractors License ($5,000) Bond FAQs:

Does the bond protect my customers if I walk off a job?

Not directly. The statute limits the condition to compliance with the Florida Building Code, and the bond is payable to the Florida Homeowners' Construction Recovery Fund.

Is there any way to avoid the bond?

Fla. Stat. 489.131(3)(e) exempts a contractor who provides a third-party insured warranty policy for a new building or structure, for that structure.

What does Polk County registration cost?

For two years, $150 for residential, trade and county specialty, $225 for building contractors and $300 for general contractors. The fee is halved after June 1 of an even-numbered year.

When do I renew?

Every two years, in odd-numbered years, together with your license renewal.

How is the premium set?

The surety prices it from the $5,000 amount and your credit. You pay a premium, not the face amount.

Official and Additional Resources for the Florida Contractors License ($5,000) Bond:

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