Georgia Statutes
§ 32-4-67 — Proposal guaranty by bidder
Georgia·Title 32
(a)No bid, other than a bid solely for engineering or other kinds of professional services, will be considered by a county unless it is accompanied by a proposal guaranty in the form of a certified check or other acceptable security payable to the county for an amount deemed by the county in the public interest necessary to ensure that the successful bidder will execute the contract on which he bid.
(b)A proposal guaranty will be returned to a bidder upon receipt by the county of the bidder's written withdrawal of his bid if such receipt is before the time scheduled for the opening of bids. Upon the determination by a county of the lowest reliable bidder, the county will return the proposal guaranties to all bidders except that of the lowest reliable bidder. If no contract award is made
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Legislative History
Amended by 2007 Ga. Laws 55,§ 3, eff. 7/1/2007.
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 trustee