Statutes, codes, and regulations
CODE OF GEORGIA
Title 32 - HIGHWAYS, BRIDGES, AND FERRIESChapter 2 - DEPARTMENT OF TRANSPORTATION
Article 4 - EXERCISE OF POWER TO CONTRACT GENERALLY
Section 32-2-71 - Failure of successful bidder to sign contract or furnish bonds

Ga. Code § 32-2-71

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Current through 2023-2024 Legislative Session Chapter 709
Section 32-2-71 - Failure of successful bidder to sign contract or furnish bonds

If the successful bidder fails to sign the contract or furnish the bonds or policies required by Code Section 32-2-70, the proposal guaranty will become the property of the department as liquidated damages. The contract then may be readvertised or the project may be abandoned.

OCGA § 32-2-71