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June 30, 2025
September 15, 2023
November 7, 2023
515 Walnut St
Renovation
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$250,000.00
Public - City
515 Walnut St, Yankton, SD
The City of Yankton, South Dakota reserves the right to reject any or all bids and to waive any informalities therein to determine which is the best and lowest bid and to approve the bond. Each BID must be accompanied by a certified check, cashier's check or draft, for five percent of the amount of the BID, such check to be certified or issued by either a state or a national bank and payable to the OWNER, or in lieu thereof 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 the State of South Dakota payable to the OWNER, as a guaranty that such BIDDER will enter into a contract with the OWNER, in accordance with the terms of such letting and BID in case such BIDDER be awarded the contract. As soon as the BID has been awarded, the OWNER will return the BONDS of all unsuccessful BIDDERS. The BID BOND of the successful BIDDER will be retained until the CONTRACT, PAYMENT BOND and the PERFORMANCE BOND have been executed and approved, after which it will be returned. A PERFORMANCE BOND and a PAYMENT BOND, each in the amount of 100 percent of the CONTRACT PRICE, with a corporate surety approved by the OWNER, will be required for the faithful performance of the contract. Attorneys-in-fact who sign BID BONDS or PAYMENT BONDS and PERFORMANCE BONDS must file with each BOND a certified and effective dated copy of their power of attorney. Disposition of said bids is expected to be held on August 28, 2023 after 7:00 PM, in the Technical Education Center at 1200 W. 21St Street, Yankton, South Dakota.
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