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2020 Georgia Code
Title 32 - Highways, Bridges, and Ferries
Chapter 4 - State, County, and Municipal Road Systems
Article 4 - Municipal Street Systems
Part 2 - Exercise by Municipalities of Power to Contract Generally
§ 32-4-121. Failure of Successful Bidder to Sign Contract or Furnish Bonds
Universal Citation:
GA Code § 32-4-121 (2020)
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If the successful bidder fails to sign the contract or furnish the bonds required under authority of Code Section 32-4-119, his proposal guaranty, if one had been required by the municipality, will become the property of the municipality as liquidated damages. The contract then may be readvertised, or the project may be abandoned.
(Code 1933, § 95A-842, enacted by Ga. L. 1973, p. 947, § 1.)
RESEARCH REFERENCES
ALR.
- Right of bidder for state or municipal contract to rescind bid on ground that bid was based upon his own mistake of fact or that of his employee, 2 A.L.R.4th 991.
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