Renovation of a multi-residential development in Steubenville, Ohio. Completed plans call for the renovation of a multi-residential development.

The Owner may consider informal any bid not prepared and submitted in accordance with the provisions hereof and may waive any informalities or reject any and all bids. Any bid may be withdrawn prior to the above scheduled time for the opening of bids or authorized postponement thereof. Any bid received after the time and date specified shall not be considered. No bidder may withdraw a bid within sixty (60) days after the actual date of the opening thereof. Each bid must be accompanied by cash, certified check of the bidder, or a bid bond as in the contract documents. The bid bond must be duly executed by the bidder as principal and having as surety thereon a surety company approved by the Owner, in the amount of 5% of each bid. Such cash, checks or bid bond will be returned to all except the three lowest bidders within three (3) days after the opening of bids, and the remaining cash, checks or bid bonds will be returned promptly after the Owner and the accepted bidder have executed the contract, or, if no award has been made within sixty (60) days after the date of the opening of bids, upon demand of the bidder at anytime thereafter, so long as he/she has not been notified of the acceptance of his/her bid 100% Performance Bond and 100% Labor and Materialmen's Payment Bond are required paid by the Contractor The successful bidder, upon his/her failure or refusal to execute and deliver the contract and bonds required within ten (10) days after he/she has received notice of the acceptance of his/her bid, shall forfeit to the Owner, as liquidated damages for such failure or refusal, the security deposited with his/her bid. Bidder must agree to commence work on or before a date to be specified in a written "Notice to Proceed" of the Owner and to fully complete the projects within ONE HUNDRED TWENTY (120) CONSECUTIVE CALENDAR DAYS. Bidder must agree also to pay as liquidated damages, the sum of $100.00 for each consecutive calendar day of delay in achieving final completion