One Click Case Law for § 32-4-121
O.C.G.A. § 32-4-120 <-- --> O.C.G.A. §32-4-122

2010 Georgia Code

TITLE 32 - HIGHWAYS, BRIDGES, AND FERRIES

CHAPTER 4 - STATE, COUNTY, AND MUNICIPAL ROAD SYSTEMS
ARTICLE 4 - MUNICIPAL STREET SYSTEMS
PART 2 - EXERCISE BY MUNICIPALITIES OF POWER TO CONTRACT GENERALLY
§ 32-4-121 - Failure of successful bidder to sign contract or furnish bonds

O.C.G.A. 32-4-121 (2010)
32-4-121. Failure of successful bidder to sign contract or furnish bonds


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.