Statutes, codes, and regulations
CODE OF GEORGIA
Title 32 - HIGHWAYS, BRIDGES, AND FERRIESChapter 4 - STATE, COUNTY, AND MUNICIPAL ROAD SYSTEMSArticle 4 - MUNICIPAL STREET SYSTEMS
Part 2 - EXERCISE BY MUNICIPALITIES OF POWER TO CONTRACT GENERALLY
Section 32-4-121 - Failure of successful bidder to sign contract or furnish bonds

Ga. Code § 32-4-121

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Current through 2023-2024 Legislative Session Chapter 709
Section 32-4-121 - Failure of successful bidder to sign contract or furnish bonds

If the successful bidder fails to sign the contract or furnish the bonds required under authority of Code Section 32-4-119, his proposal guaranty, if one had been required by the municipality, will become the property of the municipality as liquidated damages. The contract then may be readvertised, or the project may be abandoned.

OCGA § 32-4-121