Statutory Changes to Florida's Payment Bond Law
ATTENTION CONTRACTORS, SUBS AND SUPPLIERS!!! FLORIDA LAW UPDATE STATUTORY CHANGES TO FLORIDA’S PAYMENT BOND LAW Effective October 1, 2019, the statutory requirements to perfect a payment bond claim in Florida have changed. Subcontractors, sub-subcontractors and suppliers need to pay particular attention to the changes which have now taken effect as it materially impacts bond claims. Under prior law a notice of nonpayment generally required a lienor to specify: 1. The name of the contractor and their address 2. The name of the surety and their address 3. The nature of the labor, services or materials furnished 4. The amount due (and how much of that is for retainage) 5. The lienor’s signature and address House Bill 1247 added the following requirements to a notice of nonpayment: 1. The nature of the labor or services to be performed 2. The materials to be furnished 3. The amount paid on the account/to date 4