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Florida surety bonds 2025

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The document is a request form for various types of surety bonds, including bid bonds, performance and payment bonds, and maintenance bonds. It outlines the necessary information required from contractors and obligees, such as project details, contract amounts, and bond percentages. Additionally, it specifies requirements under Florida Statute 255.05 and includes sections for notes and ordering details.

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How much does a $7 500 surety bond cost?

$75,000 surety bonds typically cost 0.510% of the bond amount, or $375$7,500. Highly qualified applicants with strong credit might pay just $375 to $750, while an individual with poor credit will receive a higher rate.

How much does a $20,000 surety bond cost?

Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Bad Credit (599 and below) $20,000 $200 - $600 $1,000 - $2,000 $25,000 $250 - $750 $1,250 - $2,500 $30,000 $300 - $900 $1,500 - $3,0007 more rows

How much does a $5000 surety bond cost?

For applicants with good credit, surety bonds usually cost between 1% and 5% of their value. Therefore, for a surety bond of $5,000, an applicant with a strong credit history can expect to pay between $50 and $250.

How much does a surety bond cost in Florida?

A Florida surety bond costs a small percentage (generally 1% - 10%) of the total required bond amount. For example, a $10,000 bond would cost anywhere from $100 - $1,000. This cost is called a bond rate or bond premium.

How does a surety bond work in Florida?

A surety bond is a three party guarantee put into place to protect the party requesting the bond and guarantees the performance, ability, honesty and integrity of individuals performing various responsibilities and obligations. The three parties involved are the obligee, principal and surety.