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O.C.G.A. § 32-4-121 — Failure of successful bidder to sign contract or furnish bonds | Georgia Code

O.C.G.A. § 32-4-121 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 32 HIGHWAYS, BRIDGES, AND FERRIES

Section 4. State, County, and Municipal Road Systems, 32-4-1 through 32-4-123.

ARTICLE 4 MUNICIPAL STREET SYSTEMS

32-4-121. Failure of successful bidder to sign contract or furnish bonds.

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.

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

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.

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This Georgia Code resource is curated by Graham W. Syfert, 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.