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2006 Georgia Code - 32-4-69
32-4-69. Notwithstanding any provision of Chapter 91 of
Title 36 to the contrary, when the price of a contract let to bid
is $5,000.00 or more, no contract of a county shall be valid unless
the contractor first gives: (1) A performance bond that meets the
requirements established in Parts 1 and 3 of Article 3 of Chapter
91 of Title 36 in the amount of the bid, with one good and solvent
surety, for the faithful performance of the contract and to
indemnify the county for any damages occasioned by a failure to
perform the same within the prescribed time; (2) A payment bond that meets the requirements
established in Parts 1 and 4 of Article 3 of Chapter 91 of Title
36; and (3) Such other bonds
required by the county in its advertisement for bids, including but
not limited to public liability and property damage insurance
bonds.
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