{"data":{"id":"us-ga/o.c.g.a.-32-4-121","jurisdiction":"us-ga","citation":"O.C.G.A. § 32-4-121","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 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.","path":["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"],"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":"e570d734facd5911830a89b16d5112ceea12f82d090df1ad7a998e5ef90408d1","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-32-4-120","next":"us-ga/o.c.g.a.-32-4-122"},"notice":"GroundRules: Original legal text. Not legal advice."}