Exhibit B Sample Performance Assurance Bond - Lee County, Florida

What Is Exhibit B?

This is a legal form that was released by the Department of Sustainable Development - City of Fort Lauderdale, Florida - a government authority operating within Florida. The form may be used strictly within Lee County. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Exhibit B?
A: Exhibit B is a sample Performance Assurance Bond.

Q: What is the purpose of the Performance Assurance Bond?
A: The purpose of the bond is to provide assurance of performance for a specific project.

Q: Who is responsible for providing the Performance Assurance Bond?
A: The party undertaking the project is responsible for providing the bond.

Q: What happens if the party fails to meet the project requirements?
A: If the party fails to meet the project requirements, the bond can be used to cover the costs of completing the work.

Q: Is the Performance Assurance Bond a legal requirement in Lee County, Florida?
A: Yes, the bond is a legal requirement in Lee County for certain projects.

Q: Can the bond be refunded?
A: Yes, the bond can be refunded if the party successfully completes the project and meets all requirements.

Q: Are there any penalties for not providing the Performance Assurance Bond?
A: Yes, there can be penalties for not providing the bond, such as the inability to proceed with the project.