South Dakota Codified Laws 5-18A-16. Recovery from defaulting bidder or offeror
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If any successful bidder or offeror fails to fulfill the conditions of an awarded contract, the purchasing agency may proceed to recover from the defaulting party whatever damages may have been sustained as a result of the default. The purchasing agency shall have all remedies provided in the contract and provided by law.
Terms Used In South Dakota Codified Laws 5-18A-16
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Source: SL 2010, ch 31, § 17.