Official Code of Georgia Annotated

Title 32. HIGHWAYS, BRIDGES, AND FERRIES · Chapter 2. DEPARTMENT OF TRANSPORTATION · Article 4. EXERCISE OF POWER TO CONTRACT GENERALLY

32-2-71. Failure of successful bidder to sign contract or furnish bonds.

Active

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

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.

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 1933, § 95A-812, enacted by Ga. L. 1973, p. 947, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

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

Text read from t32-(v23a)-2019-pdf.pdf, Volume V23A, 2019 edition, page 72; merge action: carried; file SHA-256 04a286a38b4e.