<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.sd2314b38-009c-4f46-90f2-d06eb69e0382P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sd2314b38-009c-4f46-90f2-d06eb69e0382C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd2314b38-009c-4f46-90f2-d06eb69e0382000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=70:07:02:09"><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000000">70:07:02:09</span></a><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000001">.  </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000001">Assignment of work classification and m</span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000001">aximum bidding capacity rating.</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> The </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">committee may assign a work classification and</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> maximum bidding capacity rating</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> based on the following factors</span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">:</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382000002"> </span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    (1)  The prospective bidder's ability to finance the work as shown by the prospective bidder's audited financial statement, surety statement, surety bond</span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">,</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">independent audit, or debt records and other financial</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> documents;</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382000002"> </span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    (2)  The </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">ownership, sufficiency</span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">, condition, and availability of the prospective bidder's equipment;</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382000002"> </span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    (3)  The </span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">work abilities and </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">experience of the prospective bidder</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> and its</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> personnel; and</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382000002"> </span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    (4)  The</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> quality and timeliness of the</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> prospective bidder's </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">work on contracts</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> with the department and other awarding authorities.</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382000002"> </span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    A maximum bidding capacity rating may not exceed ten times the amount of a prospective bidder's working capital. The committee may </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">consider</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> a bank line of credit to increase the prospective bidder's working capital. The prospective bidder shall </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">describe</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> the line of credit on a form furnished by the committee.</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382000002"> </span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    If a certification of surety is furnished in accordance with subdivision </span><a href="https://sdlegislature.gov/Rules?Rule=70:07:02:04"><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000003">70:07:02:04</span></a><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">(1), </span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">then </span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">the maximum bidding capacity rating </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">may not exceed</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> the </span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">maximum </span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">bonding </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">coverage for all the prospective bidder's work; and the prospective bidder may not submit a bid for more than the maximum bonding coverage for a single contract</span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">.</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382000002"> </span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    If an audited financial statement is furnished, the </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">prospective bidder may not bid more than</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> 50 percent of the maximum bidding capacity</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> on any single construction contract</span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">.</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382000002"> </span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000001">Source:</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> SL 1975, ch 16, § 1; 8 SDR 45, effective October 28, 1981; 13 SDR 129, 13 SDR 134, effective July 1, 1987; transferred from § 70:01:05:07, 19 SDR 154, effective April 11, 1993; 25 SDR 145, effective May 30, 1999; 40 SDR 121, effective January 6, 2014; 47 SDR 38, effective October 6, 2020</span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">; 49 SDR 47, effective November 21, 2022</span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">.</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000001">General Authority:</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000003">31-5-10</span></a><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">.</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">    </span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000001">Law Implemented:</span><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000003">31-5-10</span></a><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000003">31-5-10</span></a><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">.1, </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000003">31-5-10</span></a><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">.2, </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0-000003">31-5-10</span></a><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">.3</span><span class="sd2314b38-009c-4f46-90f2-d06eb69e0382C0">.</span></p><p dir="ltr" class="sd2314b38-009c-4f46-90f2-d06eb69e0382P0"><span xml:space="preserve" class="sd2314b38-009c-4f46-90f2-d06eb69e0382000002"> </span></p></div></body></html>