Georgia Statutes
§ 32-4-121 — Failure of successful bidder to sign contract or furnish bonds
Georgia § 32-4-121
JurisdictionGeorgia
Title32
This text of Georgia § 32-4-121 (Failure of successful bidder to sign contract or furnish bonds) 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. § 32-4-121 (2026).
Text
If the successful bidder fails to sign the contract or furnish the bonds required under authority of Code Section 32-4-119 , his proposal guaranty, if one had been required by the municipality, will become the property of the municipality as liquidated damages. The contract then may be readvertised, or the project may be abandoned.
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Nearby Sections
15
§ 32-1-1
Short title§ 32-1-10
Penalty§ 32-1-11
Construction of title§ 32-1-2
Purpose and legislative intent§ 32-1-3
Definitions§ 32-10-1
Definitions§ 32-10-100
Trust indenture as security for bonds§ 32-10-101
Payment of bond proceeds to trusteeCite This Page — Counsel Stack
Bluebook (online)
Georgia § 32-4-121, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/32-4-121.