Georgia Statutes
§ 32-4-72 — Failure of successful bidder to sign contract or furnish bonds
Georgia·Title 32
If the successful bidder fails to sign the contract or furnish the bonds required under authority of Code Section 32-4-71 , his proposal guaranty, if one had been required by the county, will become the property of the county as liquidated damages. The contract then may be readvertised, performed with county forces, or the project abandoned.
Free access — add to your briefcase to read the full text and ask questions with AI
Georgia § 32-4-72 (Failure of successful bidder to sign contract or furnish bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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