O.C.G.A.
O.C.G.A.

O.C.G.A. § 36-91-70 (2019)

Requirement of performance 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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Performance bonds shall be required for all public works construction contracts subject to the requirements of this chapter with an estimated contract amount greater than $100,000.00; provided, however, that a governmental entity may require a performance bond for public works construction contracts that are estimated at $100,000.00 or less. No public works construction contract requiring a performance bond shall be valid for any purpose unless the contractor shall give such performance bond. The performance bond shall be in the amount of at least the total amount payable by the terms of the contract and shall be increased as the contract amount is increased.

History

Code 1981, § 36-91-50, enacted by Ga. L. 2000, p. 498, § 1; Code 1981, § 36-91-70, as redesignated by Ga. L. 2001, p. 820, § 12.

Annotations

Editor’s notes. - Ga. L. 2001, p. 820, § 12, effective July 1, 2001, redesignated former Code Section 36-91-70 as present Code Section 36-91-90.

Notes of Decisions
Cited in 1 case, 2005–2005 · leading case: Masonry Specialists of Georgia, Inc. v. United States Fid. & Guar. Co., 616 S.E.2d 103 (Ga. Ct. App. 2005).
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Masonry Specialists of Georgia, Inc. v. United States Fid. & Guar. Co., 616 S.E.2d 103 (Ga. Ct. App. 2005). · cites it 2× “See OCGA §§ 36-91-70 (requirement of performance bonds for county public works projects); 36-91-90 (requirement of payment bonds for county public works projects).”
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.