If the payment bond required by Code Section 32-4-119 is not taken, the municipality then shall be liable to subcontractors, laborers, materialmen, and other persons, as provided in Part 4 of Article 3 of Chapter 91 of Title 36, for losses to them resulting from failure to take such bond.
History. Code 1933, § 95A-841, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 2000, p. 498, § 15; Ga. L. 2001, p. 820, § 9.
Structure 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
§ 32-4-110. “Contract” Defined
§ 32-4-112. Contracts With State Agencies and Adjoining Counties
§ 32-4-114. Required Letting of Contracts by Public Bid
§ 32-4-115. Advertising for Bids
§ 32-4-116. Payment by Bidder to Cover Costs
§ 32-4-117. Proposal Guaranty by Bidder
§ 32-4-118. Award of Contract to Lowest Reliable Bidder; Procedure Upon Rejection of Bids
§ 32-4-119. Bonds of Successful Bidder
§ 32-4-120. Failure to Take Bonds; Liability of Municipality
§ 32-4-121. Failure of Successful Bidder to Sign Contract or Furnish Bonds