S.C. Code Regs. 63-713. Letter to Lending Institutions

When a DBE receives a contract, the Department will furnish a letter, upon request, stating the dollar value and duration of, and other information about the contract, which may be used by the DBE in negotiating lines of credit with lending institutions. (1) For highway and bridge construction contracts, this letter will be in the form of the Statement of Award. (2) For building construction and renovation contracts, this letter will be in the form of the Notice to Proceed.