O.C.G.A.

O.C.G.A. § 13-10-40 (2019)

Large public works contracts; requirement for performance bond

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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Except as otherwise provided in Title 32, performance bonds shall be required for all state public works construction contracts with an estimated contract amount greater than $100,000.00; provided, however, that the state may require a performance bond for public works construction contracts that are estimated at $100,000.00 or less. No public works construction contract requiring a performance bond shall be valid for any purpose unless the contractor gives such performance bond. The performance bond shall be in the amount of at least the total amount payable by the terms of the contract and shall be increased as the contract amount is increased.

History

(Code 1981, § 13-10-40, enacted by Ga. L. 2001, p. 820, § 1.)

Annotations

Law reviews. - For article, ‘‘A Georgia Practitioner’s Guide to Construction Perfor-

mance Bond Claims,’’ see 60 Mercer L. Rev. 509 (2010).

T.13, C.10, A.1, P.4

Notes of Decisions

Cited in 1 case, 2010–2010 · leading case: Georgia State Fin. & Inv. Comm'n v. XL Specialty Ins. Co., 694 S.E.2d 193 (Ga. Ct. App. 2010).

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Georgia State Fin. & Inv. Comm'n v. XL Specialty Ins. Co., 694 S.E.2d 193 (Ga. Ct. App. 2010). · cites it 2× “OCGA § 13-10-40. In an effort to close out the project, the general contractor, the architect, and GSFIC conducted a final inspection tour in early May 2003, and (as specified by the contract as part of the required close-out documents) the general contractor had XL execute on…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.