O.C.G.A.

O.C.G.A. § 32-4-121 (2019)

Failure of successful bidder to sign contract or furnish bonds

✓ 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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If the successful bidder fails to sign the contract or furnish the bonds required under authority of Code Section 32-4-119, his proposal guaranty, if one had been required by the municipality, will become the property of the municipality as liquidated damages. The contract then may be readvertised, or the project may be abandoned.

History

Code 1933, § 95A-842, enacted by Ga. L. 1973, p. 947, § 1.

Annotations

RESEARCH REFERENCES ALR. - Right of bidder for state or municipal contract to rescind bid on ground that bid was based upon his own

mistake of fact or that of his employee, 2 A.L.R.4th 991.