Renovation of a mixed-use development in Vermillion, South Dakota. Completed plans call for the renovation of a stadium; and educational facility.

Dakota Dome LED Lighting Project Bid Bond. In lieu of a certified check as a bid guarantee, a bid bond of ten percent (10%) of the total amount of the bid, including all add alternates, may be furnished by the Contractor. See Exhibit "C" for Bid Bond form. Such bond to be issued by a surety authorized to do business in the State of South Dakota. Such bond shall be payable to said public corporation or officer as guaranty that such bidder will enter into a contract with said public corporation, its Board or officers thereof, in accordance with the terms of such letting and bid in case such bidder be awarded the contract. If the Contract is for more than $50,000.00, provide a performance and labor and material payment bond produced by a South Dakota licensed insurance producer (agent) and issued by a South Dakota licensed surety in an amount not less than the amount of the awarded contract. The performance and labor and material payment bond Surety or Sureties shall meet all requirements of South Dakota Law. This Project Manual provides for liquidated delay damages in the amount of $150.00 per calendar day for the Contractor’s delay in completion of the work. The contractor for the general construction shall commence work under the contract within ten (10) consecutive calendar days after issuance of written Notice to Proceed and shall substantially complete all work under the contract within the timeframe specified in the Bid Form. Any questions regarding the bidding process should be directed to: Raleigh Tiahrt University of South Dakota Purchasing Slagle Hall Room 209 414 E Clark St Vermillion, SD 57069 Phone: 605-658-3634 Fax: 605-677-6936 Raleigh.Tiahrt@usd.edu The State reserves the right to reject all bids if in the judgment of the State Engineer it is in the best interest of the State.