Form 700-011-16 Design-Build-Finance Firm Request for Project Specific Escrow Account and Unique Vendor Number Sequence for All Department Payments to Be Made on Contract - Florida

What Is Form 700-011-16?

This is a legal form that was released by the Florida Department of Transportation - a government authority operating within Florida. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the purpose of the Form 700-011-16?
A: The Form 700-011-16 is used to request a project-specific escrow account and unique vendor number sequence for all department payments on a contract.

Q: Who can use the Form 700-011-16?
A: Design-Build-Finance firms in Florida can use the Form 700-011-16.

Q: What is a project-specific escrow account?
A: A project-specific escrow account is an account set up specifically for a particular project, where all department payments on the contract will be made.

Q: What is a unique vendor number sequence?
A: A unique vendor number sequence is a sequence of numbers assigned to a vendor for tracking and processing payments.

Q: What is the purpose of the escrow account and unique vendor number sequence?
A: The purpose of the escrow account and unique vendor number sequence is to streamline and track payments made by the department to a design-build-finance firm on a contract.