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Georgia Public Works Bid Bonds

For Georgia state public-works construction, a bid bond is generally required when the estimated bid exceeds $100,000, and the state may require one below that amount. When required, the bond must be at least 5% of the contract price and use sureties approved by the state. Confirm whether the solicitation asks for separate performance and payment bonds; bid security only addresses the bid-stage obligation. 1

What Is Surety Bonds?

A surety bond guarantees that your business meets a specific obligation to a customer, contracting party or government agency. If a contract, license or permit requires one, get its exact form and amount; a bond is not insurance for your own losses. Read the national Surety bonds guide.

Georgia Requirements

RequirementDetails
State bid-bond triggerO.C.G.A. §13-10-20 requires bid bonds for state public-works construction bids over $100,000; the state may also require one at or below $100,000. 1
Minimum bid securityIf a state bid bond is required, it must be at least 5% of the total amount payable under the contract; proper security must accompany the bid. 1
Bid validity periodA competitive sealed state bid generally may not be withdrawn for 60 days after opening, subject to the statutory exceptions; an RFP must state how long proposals remain open. 1

What to Watch for in Georgia

  • Keep the procurement route straight

    These rules address state public-works contracts. Georgia’s State Construction Manual is a project-process guide for state agencies and capital-project participants; a county or city project may fall under a different public-works statute and solicitation. 1,3

  • Check the RFP exception

    If an RFP says price or project cost will not be evaluated, no bid bond is required unless the state includes the requirement and amount in the RFP. Do not substitute the common 5% figure for the solicitation’s stated form or amount. 1

  • Separate bid security from completion security

    The bid bond secures the bidding commitment. It does not replace any performance or payment bond separately required by statute or the construction contract; have the procurement officer identify those obligations and their amounts. 1,3

Who Regulates Insurance in Georgia

Georgia Office of Commissioner of Insurance and Safety Fire

Georgia’s elected Insurance and Safety Fire Commissioner licenses and regulates insurance companies and insurance professionals, investigates insurance fraud, and oversees consumer complaint services. The Office’s state license lookup covers agents, agencies, and companies. 4,5,6

Surplus-lines tax and stamping office

Reported tax rate: 4% of total premium when Georgia is the home state Georgia charges 4% on the total premium written and received by a surplus-lines broker when Georgia is the insured’s home state. Current fee treatment is not described here because the Department’s latest fee bulletin could not be retrieved as readable text; ask your broker for the policy-declaration and tax breakdown. This record does not state a Georgia-specific guaranty-fund conclusion. 7

Providers With Documented State Licenses

These providers publish a national listing for Surety bonds; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Georgia. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 13

Questions to Ask Before You Buy in Georgia

  1. Which solicitation, statute, and project category does the obligee say governs this contract?
  2. What bond form, penal sum, obligee name, effective date, and filing deadline must the surety meet?
  3. What indemnity, collateral, or personal guarantee would the surety require from the principal, and how could a claim affect the business?

Surety Bonds in Georgia: FAQ

Who is the obligee on a state bid bond? 1

O.C.G.A. §13-10-20 requires surety approved by the state. The solicitation should identify the obligee and accepted bond form; have the bond match those instructions. 1

What current sources should I check? 1,2

The official Title 13 code text opened here is the 2025 Supplement. The 2025 SB 153 act amended §36-91-50 only to correct wording in subsection (c), effective July 1, 2025; confirm later amendments and the live solicitation before bidding. 1,2

Surety Bonds in Other States

Other Coverage in Georgia

Sources

  1. Official Code of Georgia Annotated, Title 13 (2025 Supplement). Georgia General Assembly; O.C.G.A. §§13-10-20(a)–(e), pp. 140–141; §13-10-66 electronic bonds, p. 143. Accessed 2026-09-28.
  2. Senate Bill 153, 2025 signed act. Office of the Governor of Georgia; Section 36(52), p.45; amendment to O.C.G.A. §36-91-50(c), effective July 1, 2025. Accessed 2026-09-28.
  3. State Construction Manual. Georgia State Financing and Investment Commission; Official manual page describes the manual as a process guide for state agencies and capital-project participants, lines 71–74. Accessed 2026-09-28.
  4. Office of Commissioner of Insurance and Safety Fire. Georgia Office of Commissioner of Insurance and Safety Fire; Official homepage; regulator role, elected commissioner, complaint and license lookup links. Accessed 2026-09-28.
  5. Agents, Agencies and Licensing. Georgia Office of Commissioner of Insurance and Safety Fire; Official state license lookup for agents, agencies, and companies. Accessed 2026-09-28.
  6. Report Complaints & Fraud. Georgia Office of Commissioner of Insurance and Safety Fire; Consumer Services complaint instructions and official complaint portal. Accessed 2026-09-28.
  7. Non-Admitted Insurance: Premium Tax FAQs. Georgia Office of Commissioner of Insurance and Safety Fire; 4% applies to total broker-written and received premium when GA is home state. Accessed 2026-09-28.
  8. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  9. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  10. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  11. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  12. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  13. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  14. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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