The limestone of the various sizes indicated on the Proposal shall conform to the 2023 ODOT Construction & Materials Specifications. Prices are to be quoted per ton, picked up at supply point, or delivered F.O.B. as shown on the Proposal to the Lake County Road Department, Painesville Yard, 550 Blackbrook Road, Painesville, Ohio, in quantities more or less as ordered. Asphalt concrete shall conform to the 2023 ODOT Construction & Material Specifications for the
following items:
o 441 Asphalt Concrete, Intermediate Course, Type 2, (448), PG 64-22
o 441 Asphalt Concrete, Surface Course, Type 1, (448), PG 64-22
Prices are to be quoted per ton F.O.B. for Lake County Road Department trucks to pick up at the
supplier's asphalt plant in quantities more or less as ordered. Each BID must be accompanied by a bid guarantee in the form of an original Bid bond or by a Certified Check, Cashiers Check, or Money Order, in the amount of five percent (5%) of the amount BID. Such guarantee shall be made payable to or in favor of the BOARD OF LAKE COUNTY COMMISSIONERS, and will be held as a guarantee that in the event the BID is accepted and a contract awarded to the BIDDER, the Contract will be duly executed and its performance properly secured. The successful bidder will be required to execute the contract within ten (10) days after the award to him/her. In case of failure to execute the contract as stated, the bidder shall be considered to have abandoned the contract and is then liable for the difference between his/her bid and the next lowest bid, not to exceed ten percent (10) of the amount bid. Said bid bond will be returned if the bid is rejected, and if the bid is accepted, will be returned upon successful execution of the contract. As a condition of entering into a contract, the successful BIDDER shall be required to furnish a Performance Bond in a sum not less than one hundred percent (100%) of the price bid for the complete work. Said bond shall be that of an approved surety company authorized to transact business in the State of Ohio. Bids shall be subject to the conditions that the right is reserved to hold bids for a period not longer than sixty (60) days after the date of bid opening and/or to award the contract at any time during said period. Requirements for the payment of prevailing wage rates will apply to this Contract. The statutory requirements of the State of Ohio relative to the licensing of corporations organized under the laws of other States will apply. Lake County reserves the right to reject any and all BIDS or to increase or decrease or omit any item or items. The contract shall be awarded to the lowest and best BIDDER. Each bid must contain the full name of every person or company interested in the same. The Lake County Commissioners reserves the right to waive any informalities or irregularities in the BIDS.
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