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O.C.G.A. § 36-91-24 — Liquidated damages and other incentive provisions for project completion | Georgia Code

O.C.G.A. § 36-91-24 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 36 LOCAL GOVERNMENT

Chapter 91 information not found

ARTICLE 2 CONTRACTING AND BIDDING REQUIREMENTS

36-91-24. Liquidated damages and other incentive provisions for project completion.

Public works construction contracts may include both liquidated damages provisions for late construction project completion and incentive provisions for early construction project completion when the project schedule is deemed to have value. The terms of the liquidated damages provisions and the incentive provisions shall be established in advance as a part of the construction contract and included within the terms of the bid or proposal.

(Code 1981, §36-91-24, enacted by Ga. L. 2013, p. 628, § 6/SB 179.)

Effective date.

- This Code section became effective May 6, 2013.

Code Commission notes.

- Pursuant to Code Section 28-9-5, in 2013, Code Section 36-91-23, as enacted by Ga. L. 2013, p. 628, § 6/SB 179, was redesignated as Code Section 36-91-24.

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This Georgia Code resource is curated by this site's author, 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.