FL S1200

Requires notices of nonpayment under construction payment bonds to be made under oath and served in a prescribed form to both the contractor and surety.

Specifies that negligent inclusion or omission of information in a notice of nonpayment does not defeat an otherwise valid bond claim unless it has prejudiced the contractor or surety.

Provides that a claimant or lienor who serves a fraudulent notice of nonpayment forfeits all rights under the bond, with fraudulent defined as willful exaggeration of amounts unpaid or willful inclusion of work not performed.

Extends attorney fee provisions to contractors suing on construction payment or performance bonds, treating contractors as insureds or beneficiaries for purposes of bond claims.

Applies the amendments to payment bonds issued on or after October 1, 2019, with an effective date of October 1, 2019.