Georgia Code § 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.

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Last modified: October 14, 2016