The obligee in any bid 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, that no action may be instituted on the bonds or security deposits after one year from the completion of the contract and the acceptance of the public work by the state.
History. Code 1981, § 13-10-24 , enacted by Ga. L. 2001, p. 820, § 1.
Structure Georgia Code
Chapter 10 - Contracts for Public Works
Article 1 - General Provisions
§ 13-10-20. Large Public Works Contracts; Requirements for Bid Bonds; Withdrawal of Bid
§ 13-10-21. Alternatives to Bid Bond
§ 13-10-22. “Bid” and “Bidder” Defined; Appreciable Errors in Calculation of Bids; Withdrawing Bids