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the Georgia Code
2006 Georgia Code - 13-10-40
13-10-40. Except as otherwise provided in Title 32,
performance bonds shall be required for all state public works
construction contracts with an estimated contract amount greater
than $100,000.00; provided, however, that the state 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 gives 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.
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