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Committee approves substituted ordinance raising bonding caps, loosening inspection mandate for utility projects
Summary
The Transportation, Energy and Utilities Committee approved a substituted ordinance that raises certain contractor bond minimums, limits surety requirements for large projects to a fixed cap, removes a construction/engineering inspection requirement, and adds notice and bond-replenishment language. The substitute passed 7-0.
The Transportation, Energy and Utilities Committee approved a substituted ordinance March 4 that changes bonding and notice requirements for private construction work in Jacksonville and removes a previously proposed construction and engineering inspection mandate.
The substitute, approved unanimously, raises the small-project minimum bond in the ordinance language from $5,000 to $10,000, retains a requirement for large projects tied to cost-to-construct in concept but applies an industry-negotiated cap on large-project surety bonds,…
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