Georgia § 32-2-70 Bonds of successful bidder

Georgia Statutes

§ 32-2-70 — Bonds of successful bidder

Georgia § 32-2-70

Title32

This text of Georgia § 32-2-70 (Bonds of successful bidder) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 32-2-70 (2026).

Text

(a)Where the contract price exceeds $100,000.00, no department construction contract shall be valid unless the contractor first gives:

(1)The performance and payment bonds in accordance with Chapter 10 of Title 13; and (2) Such other bonds or insurance policies required by the department in its proposal forms, including but not limited to public liability and property damage insurance bonds or policies.

(b)Public procurement officers shall accept electronic signatures and electronic corporate seals on bonds issued pursuant to this Code section so long as such signatures and seals comply with the provisions of Chapter 12 of Title 10 and Code Section 33-24-14 .

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(a) Where the contract price exceeds $100,000.00, no department construction contract shall be valid unless the contractor first gives: (1) The performance and payment bonds in accordance with Chapter 10 of Title 13; and (2) Such other bonds or insurance policies required by the department in its proposal forms, including but not limited to public liability and property damage insurance bonds or policies. (b) Public procurement officers shall accept electronic signatures and electronic corporate seals on bonds issued pursuant to this Code section so long as such signatures and seals comply with the provisions of Chapter 12 of Title 10 and Code Section 33-24-14 .

Legislative History

Amended by 2021 Ga. Laws 215,§ 2-1, eff. 5/4/2021. Amended by 2007 Ga. Laws 55,§ 2, eff. 7/1/2007. Amended by 2001 Ga. Laws 261, § 2, eff. 7/1/2001. Amended by 2001 Ga. Laws 2, § 32, eff. 2/12/2001.