<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.s7de92c0b-7945-49fc-a4d6-9264d98cd989P0 { 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.s7de92c0b-7945-49fc-a4d6-9264d98cd989C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000002 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s7de92c0b-7945-49fc-a4d6-9264d98cd989000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=70:07:02:10"><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000000">70:07:02:10</span></a><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000001">.  Effective period of</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000001"> work classification and</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000001"> rating.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> If the prospective bidder submits an audited statement of financial position in accordance with subdivision </span><a href="https://sdlegislature.gov/Rules?Rule=70:07:02:04"><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000002">70:07:02:04</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">(2), </span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">any work</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> classification and maximum bidding capacity rating </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">granted by the committee </span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">is effective for</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> the period specified by the committee, but</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> not more than 18 months from the date of the balance sheet. If a certification of surety is submitted in accordance with subdivision </span><a href="https://sdlegislature.gov/Rules?Rule=70:07:02:04"><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000002">70:07:02:04</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">(1), </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">any work </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">classification and maximum bidding capacity rating </span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">granted by the committee must expire</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> upon the expiration or rescission of the certification of surety. </span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">If requested in writing by the prospective bidder, the</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> committee may </span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">extend the effective date of the work classification and maximum bidding capacity rating one time for</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> not more than 60 days.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> The prospective bidder must make the request and receive the extension before the opening of any bid affected by the extension.</span></p><p dir="ltr" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989000003"> </span></p><p dir="ltr" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">    </span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000001">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> SL 1975, ch 16, § 1; 8 SDR 45, effective October 28, 1981; 8 SDR 98, effective February 24, 1982; 13 SDR 129, 13 SDR 134, effective July 1, 1987; transferred from § 70:01:05:08, 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 style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">; 49 SDR 47, effective November 21, 2022</span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">.</span></p><p dir="ltr" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">    </span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000001">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000002">31-5-10</span></a><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">.</span></p><p dir="ltr" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">    </span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000001">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000002">31-5-10</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000002">31-5-10</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">.1, </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000002">31-5-10</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">.2, </span><a href="https://sdlegislature.gov/Statutes?Statute=31-5-10"><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0-000002">31-5-10</span></a><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">.3</span><span style="white-space: pre-wrap;" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989C0">.</span></p><p dir="ltr" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989P0"><span style="white-space: pre-wrap;" xml:space="preserve" class="s7de92c0b-7945-49fc-a4d6-9264d98cd989000003"> </span></p></div></body></html>