Pasco County |
Code of Ordinances |
Chapter 2. ADMINISTRATION |
Article IV. FINANCE |
Division 2. PURCHASING |
§ 2-119. Bid, performance and payment bonds.
Vendors shall provide a corporate surety bond from a surety company authorized to do business in the State of Florida to guarantee the full and faithful performance of awarded and/or contract obligations and the payment of labor and material expended pursuant to the contract whenever and in amounts as required under state law or by the county. Nothing in this section shall preclude alternative methods of security authorized under state law. All such bonds shall be approved as to form by the county's risk management division and filed with the clerk of the circuit court and county comptroller for the board of county commissioners. If no surety bond is required under state law, the director shall have the discretion to require surety bonds, including bid and warranty bonds in the amount(s) deemed sufficient to protect the county.
(Ord. No. 15-26, § 2, 12-15-15)