Does RPC have a timeout mechanism?

You can use channels to implement a timeout pattern:

import "time"

c := make(chan error, 1)
go func() { c <- client.Call("Service", args, &result) } ()
select {
  case err := <-c:
    // use err and result
  case <-time.After(timeoutNanoseconds):
    // call timed out
}

The select will block until either client.Call returns or timeoutNanoseconds elapsed.

if you want to implement a timeout (to prevent a call from taking too long), then you'll want to change rpc.Dial for net.DialTimeout (notice they're separate packages: rpc vs net). Also be aware that the returned type isn't a client any more (as it is in the previous example); instead it is a 'connection'.

  conn, err := net.DialTimeout("tcp", "localhost:8080", time.Minute)
  if err != nil {
    log.Fatal("dialing:", err)
  }

  client := rpc.NewClient(conn)