Official Code of Georgia Annotated

Title 13. CONTRACTS · Chapter 10. CONTRACTS FOR PUBLIC WORKS · Article 1. GENERAL PROVISIONS · Part 3. Performance Bonds

13-10-40. Large public works contracts; requirement for performance bond.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Except as otherwise provided in Title 32, performance bonds shall be required for all state public works construction contracts with an estimated contract amount greater than $100,000.00; provided, however, that the state may require a performance bond for public works construction contracts that are estimated at $100,000.00 or less. No public works construction contract requiring a performance bond shall be valid for any purpose unless the contractor gives such performance bond. The performance bond shall be in the amount of at least the total amount payable by the terms of the contract and shall be increased as the contract amount is increased.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 13-10-40, enacted by Ga. L. 2001, p. 820, § 1.

For article, ‘‘A Georgia Practitioner’s Guide to Construction Performance Bond Claims,’’ see 60 Mercer L. Rev. 509 (2010).

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t13-(v11)-2010-pdf.pdf, Volume V11, 2010 edition, page 610; merge action: carried; file SHA-256 18573afb153d.