Section 32-2-70 - Bonds of successful bidder(a) Where the contract price exceeds $100,000.00, no department construction contract shall be valid unless the contractor first gives: (1) The performance and payment bonds in accordance with Chapter 10 of Title 13; and(2) Such other bonds or insurance policies required by the department in its proposal forms, including but not limited to public liability and property damage insurance bonds or policies.(b) Public procurement officers shall accept electronic signatures and electronic corporate seals on bonds issued pursuant to this Code section so long as such signatures and seals comply with the provisions of Chapter 12 of Title 10 and Code Section 33-24-14.Amended by 2021 Ga. Laws 215,§ 2-1, eff. 5/4/2021.Amended by 2007 Ga. Laws 55,§ 2, eff. 7/1/2007.Amended by 2001 Ga. Laws 261, § 2, eff. 7/1/2001.Amended by 2001 Ga. Laws 2, § 32, eff. 2/12/2001.