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Code · South Dakota · Title 5 · Chapter 5-18

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

43 words·~1 min read·/sd/title-5/chapter-5-18/5-18b-32

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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.
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