S.D. Admin. R. 70:07:02:11

Current through Register Vol. 51, page 70, December 27, 2024

Section 70:07:02:11 - Determination of current bidding capacity of prospective bidders

For any given department bid letting, the contracts awarded to a bidder may not total more than the bidder's current bidding capacity. The current bidding capacity is arrived at by subtracting from the maximum bidding capacity rating the dollar amount of all uncompleted bonded work wherever located.

S.D. Admin. R. 70:07:02:11

SL 1975, ch 16; 47 SDR 038, effective 10/6/2020; 49 SDR 047, effective 11/21/2022

General Authority: SDCL 31-5-10.

Law Implemented: SDCL 31-5-10, 31-5-10.1, 31-5-10.2, 31-5-10.3.