Public works construction contracts may include both liquidated damages provisions for late construction project completion and incentive provisions for early construction project completion when the project schedule is deemed to have value. The terms of the liquidated damages provisions and the incentive provisions shall be established in advance as a part of the construction contract and included within the terms of the bid or proposal.
O.C.G.A. § 36-91-24
Liquidated damages and other incentive provisions for project completion
Known as the Georgia Local Government Public Works Construction Law
The act spans §§ 36-91-1 to 36-91-95 (36 sections).
— Code 1981, § 36-91-24, en- Section 36-91-23, as enacted by Ga
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.