Maintenance Bond - City of Orlando, Florida

Maintenance Bond is a legal document that was released by the Economic Development Department - City of Orlando, Florida - a government authority operating within Florida. The form may be used strictly within City of Orlando.

FAQ

Q: What is a maintenance bond?
A: A maintenance bond is a type of surety bond that guarantees that a construction project will be maintained and repaired for a specified period after its completion.

Q: Why does the City of Orlando require a maintenance bond?
A: The City of Orlando requires a maintenance bond to ensure that the construction work performed meets certain standards and that any necessary repairs or maintenance will be covered.

Q: How long is the maintenance bond required for?
A: The length of the maintenance bond required by the City of Orlando can vary depending on the specific project, but it is typically a period of one to two years.

Q: Who is responsible for obtaining the maintenance bond?
A: The contractor or construction company hired for the project is responsible for obtaining the maintenance bond.

Q: What happens if the contractor fails to fulfill their maintenance obligations?
A: If the contractor fails to fulfill their maintenance obligations, the City of Orlando can make a claim against the maintenance bond to cover the cost of repairs or maintenance.

Q: Can the maintenance bond be released before the specified period ends?
A: In some cases, the maintenance bond can be released before the specified period ends if the City of Orlando determines that the construction work has been satisfactorily maintained. However, this is subject to approval and evaluation by the city authorities.