Public Contracts; if sealed competitive proposal requested/price or project cost not a selection factor; no bid bond shall be required

A BILL to be entitled an Act to amend Chapter 10 of Title 13 of the Official Code of Georgia Annotated, relating to contracts for public works, and Chapter 91 of Title 36 of the Official Code of Georgia Annotated, relating to public works bidding, so as to provide that, if a sealed competitive proposal is requested and price or project cost is not a selection or evaluation factor, no bid bond shall be required; to provide for an exception; to correct statutory references; to authorize incentives in contracts for early project completion by contractors; to provide for related matters; to provide an effective date; to repeal conflicting laws; and for other purposes.