Form 700-011-18 Design-Build-Finance Firm Request for Project Specific Escrow Account (Bond Solution) and Unique Vendor Number Sequence for All Department Payments to Be Made on Contract - Florida

What Is Form 700-011-18?

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 Form 700-011-18?
A: Form 700-011-18 is a request form for a project-specific escrow account and unique vendor number sequence for all department payments to be made on a contract.

Q: What is the purpose of Form 700-011-18?
A: The purpose of Form 700-011-18 is to request a bond solution and a unique vendor number sequence for contract payments made by the Department.

Q: Which state is Form 700-011-18 for?
A: Form 700-011-18 is for the state of Florida.

Q: What does 'Design-Build-Finance' mean in the title of the form?
A: 'Design-Build-Finance' refers to the type of contract arrangement that the form is related to, where a firm is responsible for designing, building, and financing a project.

Q: What is an escrow account?
A: An escrow account is a temporary holding account where funds are deposited and held by a third party until certain conditions or obligations are fulfilled.

Q: What is a unique vendor number sequence?
A: A unique vendor number sequence is a specific identification number assigned to a vendor for tracking and recording purposes.

Q: Why is a unique vendor number sequence needed for contract payments?
A: A unique vendor number sequence is needed to ensure accurate tracking and recording of payments made to vendors on the contract.

Q: Who should use Form 700-011-18?
A: Form 700-011-18 should be used by firms or contractors involved in a Design-Build-Finance contract with the Department in Florida.

Q: Are there any specific guidelines or requirements for completing Form 700-011-18?
A: Specific guidelines and requirements for completing Form 700-011-18 may be provided by the Department or specified on the form itself. It is important to carefully read and follow all instructions.