O.C.G.A.
O.C.G.A. § 36-91-24 (2019)
Liquidated damages and other incentive provisions for project completion
✓ 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.
Find cases:
SyfertCases citing this section
GA-LEGlegis.ga.gov (official)
JustiaJustia
CornellLII Search
CasesGoogle Scholar
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.
History
Code 1981, § 36-91-24, enacted by Ga. L. 2013, p. 628, § 6/SB 179.
Annotations
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.
ARTICLE 3 BONDS PART 1 GENERAL PROVISIONS
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2023–2023 · leading case: City of Brookhaven v. Multiplex, LLC (Ga. Ct. App. 2023).
City of Brookhaven v. Multiplex, LLC (Ga. Ct. App. 2023). “” OCGA § 36-91-24. OCGA § 13-6-7 further provides that “[i]f the parties agree in their contract what the damages for a breach shall be, they are said to be liquidated and, unless the agreement violates some principle of law, the parties are bound thereby.”
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.