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Georgia Code
2024 CODE OF GEORGIA
Title 13 - CONTRACTS (§§ 13-1-1 — 13-12-5)
Chapter 10 - CONTRACTS FOR PUBLIC WORKS (§§ 13-10-1 — 13-10-91)
Article 1 - GENERAL PROVISIONS (§§ 13-10-1 — 13-10-70)
Part 2 - BID BONDS (§§ 13-10-20 — 13-10-24)
Section 13-10-21 - Alternatives to bid bond
Universal Citation:
GA Code § 13-10-21 (2024)
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- (a) In lieu of the bid bond provided for in Code Section 13-10-20, the state may accept a cashier's check, certified check, or cash in the amount of not less than 5 percent of the total amount payable by the terms of the contract payable to and for the protection of the state.
- (b) When the amount of any bid bond required under this article does not exceed $300,000.00, the state may, in its sole discretion, accept an irrevocable letter of credit issued by a bank or savings and loan association, as defined in Code Section 7-1-4, in the amount of and in lieu of the bond otherwise required under Code Section 13-10-20.
Added by 2001 Ga. Laws 261, § 1, eff. 7/1/2001.
Former § 13-10-21 was renumbered as § 13-10-82 by 2001 Ga. Laws 261, § 1, eff. 7/1/2001. .
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