Official Code of Georgia Annotated

Title 13. CONTRACTS · Chapter 10. CONTRACTS FOR PUBLIC WORKS · Article 1. GENERAL PROVISIONS · Part 5. PROJECT COMPLETION INCENTIVES IN CONTRACTS

13-10-70. Liquidated damages for late completion and incentives for early completion.

Active

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

Public works construction contracts may include both liquidated damages provisions for late construction project completion and incentive provisions for early construction project completion when the project schedule is deemed to have value. The terms of the liquidated damages provisions and the incentive provisions shall be established in advance as a part of the construction contract and included within the terms of the bid or proposal.

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, § 13-10-70, enacted by Ga. L. 2013, p. 628, § 4/SB 179.

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

Text read from t13-(v11)-pdf.pdf, Volume V11, 2010 edition, 2025 supplement, pages 148 to 149; merge action: added; file SHA-256 6acfbda3d9fa.