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

All bids must be accompanied by a bid guarantee which shall be in the form of either: a) a bond secured by a surety company acceptable to the U. S. Government and authorized to do business in the State of Ohio. The amount of the bond shall be for the full (100%) amount of the bid, plus alternates; b) a certified check, cashier's check, bank draft or irrevocable letter of credit. The amount of the certified check, bank draft, irrevocable letter of credit shall be in the amount of ten percent (10%) of the amount of the bid, plus alternates. The Bid Guarantee shall insure the execution of the contract and the furnishing of a method of assurance of completion by the successful bidder. The assurance of completion shall be: (1) a performance and payment bond in the penal sum of 100 percent (100%) of the full amount of the contract; (2) a twenty percent (20%) cash deposit; or (3) a twenty five percent (25%) irrevocable letter of credit Payment for labour as it applies to this work shall not be less than the amount established by the U.S. Department of Labour. Bidder's attention is further called to the provisions of Section 3 of the Housing and Urban Development Act of 1968, as amended (12 U.S.C. 1701u) (Section 3), and are required to comply with all requirements as relates to Section 3, including training and employment opportunities for Section 3 Residents and Business Concerns for this Section 3 covered project. The Akron Metropolitan Housing Authority reserves the right to reject any or all bids, to re-advertise our bids, and to waive any informality in bids received whenever such rejections, re-advertisement or waiver is in the best interest of the Housing Authority.