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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) Where the contract price exceeds $100,000.00, no department construction contract shall be valid unless the contractor first gives:
(1) The performance and payment bonds in accordance with Chapter 10 of Title 13; and
(2) Such other bonds or insurance policies required by the department in its proposal forms, including but not limited to public liability and property damage insurance bonds or policies.
(b) Public procurement officers shall accept electronic signatures and electronic corporate seals on bonds issued pursuant to this Code section so long as such signatures and seals comply with the provisions of Chapter 12 of Title 10 and Code Section 33-24-14.
Cite this article: FindLaw.com - Georgia Code Title 32. Highways, Bridges, and Ferries § 32-2-70 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-32-highways-bridges-and-ferries/ga-code-sect-32-2-70/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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