The South Broward Drainage District requires a surety bond to be filed by contractors as a guarantee that permitted work will be completed within 12 months and that any damages to the worksite will be paid for. The Paving and Drainage As-Built Bond is used for paving and drainage while the Shoreline Bond is used for shoreline construction and lake slope.
The following cities/townships make up the South Broward Drainage District: City of Hollywood, City of Miramar, City of Pembroke Pines, Town of Davie, Town of Southwest Ranches.
With Jet, your South Broward Drainage District Bond can cost as low as $10 a month and $100 a year, based on the bond limit set by the District. With bond limits over $25,000 Jet will conduct a credit check before offering a price for the bond.
Bond Limit | Monthly | Annual |
---|---|---|
$10,000 | $10 | $100 |
$25,000 | $12* | $125* |
$50,000 | $25* | $250* |
*rates are based on credit
If your Paving/Drainage Bond or Shoreline Bond has a limit of $50,000 or more, financial statements will also be required to provide a quote.
After your payment, Jet will mail you the completed bond form. You will need to sign it in the presence of two witnesses and mail it to the following address:
South Broward Drainage District
6591 SW 160 Avenue
Southwest Ranches, FL 33331
The contractor who holds a South Broward Drainage District is responsible for the following actions to avoid claims on the bond:
If a contractor fails to follow these obligations (in agreement with the bond form), the District will provide notice of insufficiency in materials, workmanship, or both. The contractor will have 90 days to make corrections or provide as-builts. If the contractor doesn’t alleviate the District’s concerns, the District will seek another contractor for hire to complete work or correct insufficiencies.
Failure on the contractor’s part to comply or pay for having another contractor complete work will give the District the right to seek reimbursement from the Paving/Drainage As-Built Bond or Shoreline Bond. Jet will verify the information to make sure that the claim isn’t false, but the obligation of the bond requires that the bond will cover such losses. But, the contractor at fault is still liable and will need to pay Jet back. Surety bonds are not like insurance in this important way.