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2023 CODE OF GEORGIA
Title 32 - HIGHWAYS, BRIDGES, AND FERRIES (§§ 32-1-1 — 32-12-1)
Chapter 4 - STATE, COUNTY, AND MUNICIPAL ROAD SYSTEMS (§§ 32-4-1 — 32-4-123)
Article 4 - MUNICIPAL STREET SYSTEMS (§§ 32-4-90 — 32-4-123)
Part 2 - EXERCISE BY MUNICIPALITIES OF POWER TO CONTRACT GENERALLY (§§ 32-4-110 — 32-4-123)
Section 32-4-121 - Failure of successful bidder to sign contract or furnish bonds
Universal Citation:
GA Code § 32-4-121 (2023)
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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.
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