When a bid/contract exceeds $100,000, bonds are required. Depending on the project type, you need to provide one of (3) types of bonds:
Bid bonds are used as security in the event the successful bidder refuses or neglects to execute the required written Contract and/or fails to furnish the required Performance and Payment bonds within then (10) days after issuance of Notice of Award of a Contract. If this should happen the amount of the Bidder's bid security (Bid Bond) shall be forfeited and retained by the County.
When Payment and Performance Bonds are required, they must be equal to (100%) the total awarded Contract amount.
Protect the County from lawsuits resulting from Contractor's non-payment of debts that might be incurred during the performance of the contract.
Insure the faithful performance of the obligations imposed on the Contractor by the Contract. Contractors are required to record bonds in the public records as required by Florida State Statutes, Chapter 255.05.
Procurement Division Orange County Internal Operations Center 2 400 E South St (2nd Floor) Orlando, FL 32801
Phone:(407) 836-5635 Email: Procurement@ocfl.net
All e-mail sent to this address becomes part of Orange County public record. Comments received by our e-mail subsystem can be read by anyone who requests that privilege. In compliance with "Government in the Sunshine" laws, Orange County Government must make available, at request, any and all information not deemed a threat to the security of law enforcement agencies and personnel.