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Current as of March 28, 2024 | Updated by FindLaw Staff
Notwithstanding any provision of Chapter 91 of Title 36 to the contrary, when the price of a contract let to bid, other than a contract solely for engineering or other kinds of professional services, 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.
Cite this article: FindLaw.com - Georgia Code Title 32. Highways, Bridges, and Ferries § 32-4-69 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-32-highways-bridges-and-ferries/ga-code-sect-32-4-69/
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 or via Westlaw before relying on it for your legal needs.
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