Deposit or bond submitted with proposal--Forfeiture.

  1. Law
  2. South Dakota Codified Laws
  3. Public Property, Purchases and Contracts
  4. Procurement Of Public Improvements
  5. Deposit or bond submitted with proposal--Forfeiture.

Checkout our iOS App for a better way to browser and research.

5-18B-32. Deposit or bond submitted with proposal--Forfeiture.

Any proposal, submitted pursuant to this section, shall be accompanied by a deposit or bond meeting the requirements of §5-18B-2. The deposit or security may be forfeited if the proposal is accepted but the design-builder fails to execute the design-build contract.

Source: SL 2010, ch 31, §71.


Download our app to see the most-to-date content.