South Dakota Codified Laws 5-18D-13. Printing contracts–Penalty
Each state contract for printing shall provide for a specific amount of penalty for failure on the part of the contractor to deliver the public printing in accordance with the plans and specifications within the time to be designated in the contract. The penalty shall be a fixed sum for each day so delayed. The penalty shall be applied by the Bureau of Administration according to the contract. The amount of the penalty shall be deducted in the voucher for payment for the work done under the contract. The state auditor may draw no warrant for any amount deducted by the bureau in any voucher certified for payment by the bureau. However, no contractor may be held accountable for any delay occasioned by holding proof sheets.
Terms Used In South Dakota Codified Laws 5-18D-13
- Contract: A legal written agreement that becomes binding when signed.
Source: SL 2010, ch 31, § 106.