A Surety bond in Florida is something you will definitely need whenever your involved in contract work. A surety bond will ensure that the work you want done gets done, even if the the contractor fails to fulfill the terms of the contract. For example if your seeking to do some home redecorating, you want to make sure that you get the full value of every penny you spend, as well as the peace of mind that job will be done within the terms of the agreement stipulated in the contract with the decorator or contractor.
Too many people today in Florida can fall short on what they promise, and business is no exception. With so many people moving in and out of Florida, its easy to lose track of a contractor, or the work he or she has promised to do for you. You can be left short changed, or even ripped off through either a job abandonment or a breach contract. In both cases you will need a surety bond to safeguard yourself from such a predicament.
In order to protect yourself in the event of the above mentioned, you will need either a performance bond (ensures the performance of the work agreed upon in the contract), or a maintenance bond(ensures the repair and upkeep of the completed work for a agreed upon period of time). Both are vital financial safety nets for when you decide to undertake and invest in any large or costly project. Whether its a commercial construction site or just residential redecorating, you’ll want to have a surety bond in Florida before you begin your project.