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<DIV align=left dir=ltr><SPAN class=631085317-08082011><FONT color=#0000ff face=Arial size=2>Yeah, but the tradeoff is the surety loses the additional ten
years of exposure for latent defects that it would have faced under
95.11(3)(c) </FONT></SPAN></DIV><BR>
<DIV align=left class=OutlookMessageHeader dir=ltr lang=en-us>
</DIV><BR><FONT FACE="Arial" SIZE="2"><A HREF="http://www.floridaconstructionlawauthority.com/"><STRONG>Click here</STRONG></A> to subscribe to our complimentary Florida Construction Law Blog.</FONT> <BR><DIV align=left class=OutlookMessageHeader dir=ltr lang=en-us></DIV><BR>
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<TD ALIGN="middle" BGCOLOR="#e7ddbf" HEIGHT="30" VALIGN="center"><A HREF="http://www.becker-poliakoff.com/" TARGET="_blank"><IMG BORDER="0" HEIGHT="37" SRC="cid:imagea055d6.gif@60da5775.d91047ab" WIDTH="90"></A></TD>
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<P CLASS="MsoNormal" STYLE="TEXT-ALIGN: justify"><FONT COLOR="#003768"><B><SPAN STYLE="FONT-SIZE: 10pt; FONT-FAMILY: Verdana">Lee A. Weintraub</SPAN></B><BR><SPAN STYLE="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Board Certified Construction Lawyer<BR></SPAN></FONT></P></TD></TR>
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<TD ALIGN="left" VALIGN="top"><SPAN STYLE="FONT-SIZE: 8pt; FONT-FAMILY: Verdana">Becker & Poliakoff, P.A.<BR>Emerald Lake Corporate Park<br>3111 Stirling Road<BR>Fort Lauderdale, FL 33312-6525<BR><BR>954.985.4147 Phone<BR>954.985.4176 Fax<BR>LWeintraub@becker-poliakoff.com<A></A><BR><a href="http://www.becker-poliakoff.com">www.becker-poliakoff.com</a><BR></SPAN><BR></TD></TR></TBODY></TABLE><DIV align=left class=OutlookMessageHeader dir=ltr lang=en-us></DIV><BR><FONT FACE="Verdana" SIZE="1">Our clients' total satisfaction is our #1 priority. </FONT><FONT SIZE="1"><FONT SIZE="1"><FONT FACE="Verdana">The Becker & Poliakoff <STRONG>Client CARE Center </STRONG>is available for questions, concerns and suggestions. Please contact us at 954.364.6090 or via email at </FONT><A HREF="mailto:CARE@becker-poliakoff.com"><FONT FACE="Verdana">CARE@becker-poliakoff.com</FONT></A><FONT FACE="Verdana">. </FONT></FONT><BR></FONT><DIV align=left class=OutlookMessageHeader dir=ltr lang=en-us><HR tabIndex=-1></DIV><DIV align=left class=OutlookMessageHeader dir=ltr lang=en-us></DIV><DIV align=left class=OutlookMessageHeader dir=ltr lang=en-us></DIV><DIV align=left class=OutlookMessageHeader dir=ltr lang=en-us>
<FONT face=Tahoma size=2><B>From:</B>
constructionlaw-bounces@lists.flabarrpptl.org
[mailto:constructionlaw-bounces@lists.flabarrpptl.org] <B>On Behalf Of
</B>Gibbons, Michael<BR><B>Sent:</B> Monday, August 08, 2011 1:48
PM<BR><B>To:</B> RPPTL constructionlaw<BR><B>Subject:</B> Re:
[RPPTL-constructionlaw] RPPTL: Construction Law Committee -:Surety &
Insurance Subcommittee<BR></FONT><BR></DIV>
<DIV></DIV><BR><BR>
<DIV align=left dir=ltr><SPAN class=059562417-08082011><FONT color=#0000ff face=Arial size=2> If one assumes that Fla. Stat. s. 95.11(2)(b) is the
applicable SOL on a claim against a performance bond (as the parties and
appellate courts evidently did), then the Federal Insurance decision is
understandable. The puzzler for most, however, is why 95.11(2)(b) was
utilized by counsel and the courts for SOL analysis when the more specific
</FONT></SPAN><SPAN class=059562417-08082011><FONT color=#0000ff face=Arial size=2>95.11(3)(c) exists and also applies.</FONT></SPAN></DIV>
<DIV align=left dir=ltr><SPAN class=059562417-08082011><FONT color=#0000ff face=Arial size=2></FONT></SPAN> </DIV>
<DIV align=left dir=ltr><SPAN class=059562417-08082011><FONT color=#0000ff face=Arial size=2> One of the notable illogical results of the
Federal Insurance decision is that liability on a performance bond for patent
defects actually exceeds liability on the underlying construction
contract. Assuming that the more specific 4 year SOL applies to an action
for breach of contract on a construction contract, the SOL on a patent condition
or early manifesting latent condition would expire after 4 years while exposure
on a performance bond claim would exist for another year. So,
liability on the bond exceeds liability on the underlying construction
contract (which turns centuries of surety law on its head).</FONT></SPAN></DIV>
<DIV align=left dir=ltr><SPAN class=059562417-08082011><FONT color=#0000ff face=Arial size=2></FONT></SPAN> </DIV>
<DIV> </DIV><!-- Converted from text/rtf format -->
<P align=left><SPAN lang=en-us><B>Michael R. Gibbons (<A href="http://lowndes-law.com/our-people/michael-r-gibbons">Bio</A>)<BR>Shareholder<BR></B></SPAN><SPAN lang=en-us><FONT color=#008000 size=2>Lowndes, Drosdick, Doster, Kantor &
Reed, P.A.<BR></FONT></SPAN><SPAN lang=en-us><FONT color=#008000 size=2>450
South Orange Avenue, 8th Floor<BR></FONT></SPAN><SPAN lang=en-us><FONT color=#008000 size=2>Orlando, FL 32801<BR></FONT></SPAN><SPAN lang=en-us><FONT color=#008000 size=2>Phone: 407-418-6378<BR></FONT></SPAN><SPAN lang=en-us><FONT color=#008000 size=2>Fax: 407-843-4444<BR></FONT></SPAN><SPAN lang=en-us><FONT color=#008000 size=2>email:</FONT> <A href="mailto:michael.gibbons@lowndes-law.com"><FONT color=#0000ff size=2>michael.gibbons@lowndes-law.com</FONT></A></SPAN><BR><SPAN lang=en-us><FONT color=#008000 size=2>website:</FONT> <A href="http://www.lowndes-law.com/"><FONT color=#0000ff size=2>http://www.lowndes-law.com</FONT></A></SPAN><BR><BR>
<IMG src="cid:631085317@08082011-0A39"><BR></P>
<DIV> </DIV><BR>
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<HR tabIndex=-1>
<FONT face=Tahoma size=2><B>From:</B>
constructionlaw-bounces@lists.flabarrpptl.org
[mailto:constructionlaw-bounces@lists.flabarrpptl.org] <B>On Behalf Of </B>Ty G.
Thompson<BR><B>Sent:</B> Monday, August 08, 2011 1:09 PM<BR><B>To:</B>
constructionlaw@lists.flabarrpptl.org<BR><B>Subject:</B> [RPPTL-constructionlaw]
RPPTL: Construction Law Committee -: Surety & Insurance
Subcommittee<BR></FONT><BR></DIV>
<DIV></DIV>
<DIV class=Section1>
<P class=MsoNormal>Hi everyone, <o:p></o:p></P>
<P class=MsoNormal><o:p> </o:p></P>
<P class=MsoNormal>I was on a conference call and couldn’t get off to give the
subcommittee report. Since I didn’t have anything to report since last
meeting, perhaps this will do. Chris, thank you very much for your
presentation and paper!<o:p></o:p></P>
<P class=MsoNormal><o:p> </o:p></P>
<P class=MsoNormal><o:p> </o:p></P>
<P class=MsoNormal><SPAN style="COLOR: black">Ty G.
Thompson<o:p></o:p></SPAN></P>
<P class=MsoNormal><SPAN style="COLOR: black">Board Certified Construction
Attorney</SPAN> | <SPAN style="COLOR: black">Mills Paskert
Divers</SPAN><o:p></o:p></P>
<P class=MsoNormal><SPAN style="COLOR: black">100 North Tampa Street, Suite 2010
| Tampa, Florida 33602</SPAN><o:p></o:p></P>
<P class=MsoNormal><SPAN style="COLOR: black">813-769-4802 (direct) |
813-229-3500 (firm) | 813-229-3502 (facsimile)</SPAN><o:p></o:p></P>
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