Section 13-20-7.1 - Deposit and performance bond required of successful bidder--Right to rejectbids reserved. - South Dakota Statutes

13-20-7.1. Deposit and performance bond required of successful bidder--Right to reject bids reserved. When school facilities are to be built or remodeled or improvements are to be made to school sites, the school board advertising pursuant to § 13-20-3 shall require a reasonable deposit guaranteeing the execution of the contract and the furnishing of a performance bond by the successful bidder in accordance with chapters 5-18 and 5-21. The board shall reserve the right to reject any and all bids.

Source: SL 1979, ch 36, § 5.