For any given department bid letting, the contracts awarded to a bidder may not total more than the bidder's current bidding capacity. The current bidding capacity is arrived at by subtracting from the maximum bidding capacity rating the dollar amount of all uncompleted bonded work wherever located.

Source: SL 1975, ch 16, § 1; 8 SDR 45, effective October 28, 1981; 13 SDR 129, 13 SDR 134, effective July 1, 1987; transferred from § 70:01:05:10, 19 SDR 154, effective April 11, 1993; 40 SDR 121, effective January 6, 2014; 47 SDR 38, effective October 6, 2020 ; 49 SDR 47, effective November 21, 2022 .

General Authority: SDCL 31-5-10 .

Law Implemented: SDCL 31-5-10 , 31-5-10 .1, 31-5-10 .2, 31-5-10 .3 .

Prior versions effective: 2020-10-06, 2014-01-06.