Visit the Rules and Regulations of the State of Georgia pages to view the updated rules for the Georgia Board of Residential and General Contractors. This Georgia Construction Contracts page summarizes the contract terms and requirements every Georgia construction company should know.This article aims to shed light on the intricate web of regulations, compliance requirements, and legal nuances specific to Georgia's construction sector. This outline is intended to provide a general overview of Georgia's construction law. Senate Bill 503 was signed into law on May 6, revising Georgia's contractor licensing statutes to reflect current practices in the construction industry. Local Government Public Works Construction Law. Never pay the entire cost of a project up before the work is complete. 7.