O.C.G.A.
O.C.G.A.

O.C.G.A. § 32-2-68 (2019)

Proposal guaranty by bidder

✓ 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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(a) No bid will be considered by the department unless it is accompanied by a proposal guaranty in the form of a certified check or other acceptable security payable to the treasurer of the department for an amount deemed by the department to be in the public interest and 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 department 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 the department of the lowest reliable bidder, the department will return the proposal guaranties to all bidders except that of the lowest reliable bidder. If no contract award is made within 30 days after the date set for the opening of bids, all bids shall be rejected and all proposal guaranties shall be returned unless the department and the successful bidder agree in writing to a longer period of time.

History

Code 1933, § 95A-809, enacted by Ga. L. 1973, p. 947, § 1.

Annotations

JUDICIAL DECISIONS Forfeiture of bid bond. - Contractor’s bid bond was required to be forfeited

since the contractor first attempted to withdraw the contractor’s bid after all

bids submitted were opened and then declined to execute the contract awarded to

the contractor. DOT v. American Ins. Co., 268 Ga. 505, 491 S.E.2d 328 (1997).

Notes of Decisions
Cited in 1 case, 1997–1997 · leading case: Dep't of Transp. v. Am. Ins., 491 S.E.2d 328 (Ga. 1997).
Sort: Relevance Newest Treatment
Dep't of Transp. v. Am. Ins., 491 S.E.2d 328 (Ga. 1997). · cites it 6× “The Code’s bid provision guaranty statute states that: No bid will be considered by [DOT] unless it is accompanied by a proposal guaranty in the form of a certified check or other acceptable security payable to the treasurer of [DOT] for an amount deemed by [DOT] to be in the…”
— 32-2-68(a) — 1 case
Dep't of Transp. v. Am. Ins., 491 S.E.2d 328 (Ga. 1997). “The Code’s bid provision guaranty statute states that: No bid will be considered by [DOT] unless it is accompanied by a proposal guaranty in the form of a certified check or other acceptable security payable to the treasurer of [DOT] for an amount deemed by [DOT] to be in the…”
— 32-2-68(b) — 1 case
Dep't of Transp. v. Am. Ins., 491 S.E.2d 328 (Ga. 1997). “The Code’s bid provision guaranty statute states that: No bid will be considered by [DOT] unless it is accompanied by a proposal guaranty in the form of a certified check or other acceptable security payable to the treasurer of [DOT] for an amount deemed by [DOT] to be in the…”
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.