2010 Georgia Code 13-10-21 Case Law
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Graham W. Syfert, Esq.

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Phone: 904-383-7448
E-mail: graham@syfert.com
Fax: 904-638-4726

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One Click Case Law for § 13-10-21
O.C.G.A. § 13-10-20 <-- --> O.C.G.A. §13-10-22



2010 Georgia Code

TITLE 13 - CONTRACTS

CHAPTER 10 - CONTRACTS FOR PUBLIC WORKS
ARTICLE 1 - GENERAL PROVISIONS
PART 2 - BID BONDS
§ 13-10-21 - Alternatives to bid bond

O.C.G.A. 13-10-21 (2010)
13-10-21. Alternatives to bid bond


(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.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com