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O.C.G.A. § 32-2-71 — Failure of successful bidder to sign contract or furnish bonds | Georgia Code

O.C.G.A. § 32-2-71 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 32 HIGHWAYS, BRIDGES, AND FERRIES

Section 2. Department of Transportation, 32-2-1 through 32-2-81.

ARTICLE 4 EXERCISE OF POWER TO CONTRACT GENERALLY

32-2-71. Failure of successful bidder to sign contract or furnish bonds.

If the successful bidder fails to sign the contract or furnish the bonds or policies required by Code Section 32-2-70, the proposal guaranty will become the property of the department as liquidated damages. The contract then may be readvertised or the project may be abandoned.

(Code 1933, § 95A-812, enacted by Ga. L. 1973, p. 947, § 1.)

JUDICIAL DECISIONS

Forfeiture of bid bond.

- Contractor's bid bond was required to be forfeited after 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).

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This Georgia Code resource is curated by an Orange Park personal injury and workers' comp lawyer, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.