Complete and use the button at the end to print for mailing.
SD EForm - 0944 V1
SOUTH DAKOTA DEPARTMENT OF TRANSPORTATION
LINE OF CREDIT FOR PRE-QUALIFICATION
(Must be filed in original form)
Classification & Rating Committee
SD Department of Transportation
700 E Broadway
Pierre SD 57501
We understand that______________________________________________________
has filed with the SD Department of Transportation a Contractor’s Statement of Financial
Position dated _______________________ as a requirement for becoming prequalified
(financial statement year end)
to bid on highway projects.
We also understand that the Department determines maximum bidding capacity by
multiplying the total of current assets less current liabilities plus eighty (80) percent of the
net book value of construction equipment by a factor of ten, rounded to the nearest on
thousand dollars ($1,000).
In order to permit the contractor to increase their maximum bidding capacity, we hereby
certify that we, as duly authorized officers, have been authorized by the Board of
Directors, or the Committee for approval of loans, of the _________________________
Bank of ________________________________________________________, to grant
a loan in the amount of $_________________ to the above named contractor, upon
request. We currently have loans in the amount of $_________________ outstanding
against this line of credit.
It is understood that this authorization to grant a loan is based on the customary security
and loan agreements and is for use in prosecuting any highway contracts on which they
may be the successful bidder. It is also understood that this authorization (check the
_____expires 18 months from the contractor’s financial statement date.
_____applies only to the projects in the ___________________________ letting.
(President or Managing Officer)
Subscribed and sworn to me this ___________ day of _______________, _______.
My commission expires: ________________________
DOT-144A (Rev 05/99)
PRINT FOR MAILING