{"data":{"id":"us-sd/sdcl-5-18b-2","jurisdiction":"us-sd","citation":"SDCL § 5-18B-2","heading":"Certified check or cashier's check for percentage of bid or bid bond required.","body":"If the invitation for bids is for the construction of a public improvement, each bid shall contain a certified check or a cashier's check, for five percent of the amount of the bid. Such check shall be certified or issued by either a state or a national bank and payable to the purchasing agency or to an officer of the purchasing agency letting the contract and inviting bids. In lieu of a check, a bid may contain a bid bond for ten percent of the amount of the bid. Such bond to be issued by a surety authorized to do business in this state payable to the purchasing agency, as a guaranty that the bidder will enter into a contract with the purchasing agency, its board or officers thereof, in accordance with the terms of the letting and bid in case the bidder be awarded the contract.","path":["TITLE 5. PUBLIC PROPERTY, PURCHASES AND CONTRACTS","CHAPTER 5-18B. PROCUREMENT OF PUBLIC IMPROVEMENTS"],"source_url":"https://sdlegislature.gov/Statutes/5-18B-2","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"34021081e936eea09f5293836b1ddd662e26cfad6d9c79935db3e547cae13c86","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-5-18b-1","next":"us-sd/sdcl-5-18b-3"},"notice":"GroundRules: Original legal text. Not legal advice."}