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Amicus Library

Performance Bonds
Lexon Ins. Co. v. City of Cape Coral
Year: 2016
Court: Florida Court of Appeal, Second District
Case Number: 2D16-1533/12-CA003073
Issue:
  • Performance Bonds
State:
  • Florida

A typical surety relationship is created where a contractor undertakes a construction project and obtains a bond to assure its performance. Contractors that undertake public projects generally are required by statute to obtain both payment and performance bonds. If the contractor on a public project…

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