Contractors in Haines City, Florida may need to provide a surety bond (if applicable) before receiving their permit. Bonds that would be required are a $10,000 Demolition Contractor Blanket Bond (or individual Demolition Permit Bonds), a $1,000 Electrical Contractor Bond, or a Right of Way Permit Bond. Contractor Bonds are typically used for compensating Haines City or its people for any incomplete or subpar work.
Your Haines City Contractor Bond can cost as little as $10 a month or $100 a year. Of course, rates can vary depending on which bond you are applying for and a soft credit check. The chart below shows starting rates (to be approved by a Jet underwriter).
Bond Limit | Monthly Cost | Annual Cost |
---|---|---|
$10,000 | $10 | $100 |
$25,000 | $13 | $125 |
Jet will prepare your bond form and mail it wherever you select—directly to Haines City or to you (if you are required to submit the bond yourself). The bond must be sent to:
City of Haines City
620 E Main St
Haines City, FL 33844
If you are working as a demolition contractor in Haines City, you will need to do the following in order to prevent claims on your Demolition Blanket Bond:
Failure to comply with these terms will result in the City laying claim on Demolition Blanket Bond. Jet will verify the validity of the claim, but oftentimes, a City will be able to provide evidence of a violation of the bond’s terms. Jet will provide compensation to the City up to $10,000 (for the blanket bond) but you will be responsible for paying Jet back in the amount of the payout.
If you are getting a surety bond for a single demolition permit, the bond amount will be 10% of the contract price (Haines City Ordinances, Section 7-3). Contractors who use these surety bonds will need to file a separate Demolition Permit Bond with every job.
Right of Way Permit Bonds may be required to be filed along with the Right-of-Way Utilization Permit to protect against damage to the site of construction. The bond must be held in an amount that’s 110% of the estimated cost to repair damages.
An electrical contractor will need to submit a $1,000 Electrical Contractor Bond in compliance with Section 9-51, Haines City Ordinances. The bond must be renewed annually by October 1st.
For bonds that need to be renewed, look for Jet’s renewal notice in the mail or in your email inbox. If any additional information is needed, our team will reach out to you.
Any cancellations will need to comply with the regulating Department’s cancellation policies or cancellation terms on the bond. This could be a 30-day cancellation period, or in the case of Right of Way Bonds, the City will release the bond only once work is completed.