§ 13-10-64. Supplying Copy of Bond or Security Deposit Agreement and Contract; Fees for Certified Copies
The official who has the custody of the bond or security deposit required by this article is authorized and directed to furnish to any person making application therefor a copy of the bond or security deposit agreement and the contract for which it was given, certified by the official who has custody of the bond […]
§ 13-10-65. Time for Instituting Action
No action can be instituted on the payment bonds or security deposits after one year from the completion of the contract and the acceptance of the public works construction by the proper public authorities. Every action instituted under this article shall be brought in the name of the claimant, without the state or the agency […]
§ 13-10-66. Acceptance of Electronic Signatures and Seals
Public procurement officers shall accept electronic signatures and electronic corporate seals on bonds issued pursuant to this part so long as such signatures and seals comply with the provisions of Chapter 12 of Title 10 and Code Section 33-24-14. History. Code 1981, § 13-10-66 , enacted by Ga. L. 2021, p. 459, § 1-2/SB 169. […]
§ 13-10-70. Liquidated Damages for Late Completion and Incentives for Early Completion
Public works construction contracts may include both liquidated damages provisions for late construction project completion and incentive provisions for early construction project completion when the project schedule is deemed to have value. The terms of the liquidated damages provisions and the incentive provisions shall be established in advance as a part of the construction contract […]
§ 13-10-40. Large Public Works Contracts; Requirement for Performance Bond
Except as otherwise provided in Title 32, performance bonds shall be required for all state public works construction contracts with an estimated contract amount greater than $100,000.00; provided, however, that the state may require a performance bond for public works construction contracts that are estimated at $100,000.00 or less. No public works construction contract requiring […]
§ 13-10-41. Alternatives to Performance Bond
When the amount of the performance bond required under this article does not exceed $300,000.00, the state may, in its sole discretion, accept an irrevocable letter of credit 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 […]
§ 13-10-42. Maintenance of Action on Performance Bond by Obligee
The obligee in any performance bond required to be given in accordance with this article shall be entitled to maintain an action thereon at any time upon any breach of such bond; provided, however, no action can be instituted on the bonds or security deposits after one year from the completion of the contract and […]
§ 13-10-43. Acceptance of Electronic Signatures and Seals
Public procurement officers shall accept electronic signatures and electronic corporate seals on bonds issued pursuant to this part so long as such signatures and seals comply with the provisions of Chapter 12 of Title 10 and Code Section 33-24-14. History. Code 1981, § 13-10-43 , enacted by Ga. L. 2021, p. 459, § 1-1/SB 169. […]
§ 13-10-60. Large Public Works Contracts; Requirement for Payment Bonds
Except as otherwise provided in Title 32, payment bonds shall be required for all state public works construction contracts with an estimated contract amount greater than $100,000.00; provided, however, that the state may require a payment bond for public works construction contracts that are estimated at $100,000.00 or less. No public works construction contract requiring […]
§ 13-10-61. Liability of Contracting Entity for Failure to Comply With Article
If a payment bond or security deposit is not taken in the manner and form required in this article, the corporation or body for which work is done under the contract shall be liable to all subcontractors and to all persons supplying labor, materials, machinery, or equipment to the contractor or subcontractor thereunder for any […]