{"data":{"id":"us-ga/o.c.g.a.-32-2-71","jurisdiction":"us-ga","citation":"O.C.G.A. § 32-2-71","heading":"Failure of successful bidder to sign contract or furnish bonds.","body":"If the successful bidder fails to sign the contract or furnish the bonds or policies required by Code Section 32-2-70, the proposal guaranty will become the property of the department as liquidated damages. The contract then may be readvertised or the project may be abandoned.","path":["TITLE 32 Highways, Bridges, and Ferries","CHAPTER 2 Department of Transportation","Article 4 Exercise of Power to Contract","PART 1 General Contracting Provisions"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.32.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"534c390ca84c1537add93e001647462ce4e1cc00d7b3a90ec98b4708ecc66840","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-32-2-70","next":"us-ga/o.c.g.a.-32-2-72"},"notice":"GroundRules: Original legal text. Not legal advice."}