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

General Scope of Work. The work shall consist of, as detailed herein and within the attached H-1, performing the required architrave trim removal and replacement and removal and replacement of screen doors at Mahoning Manor, 1800 Regent Avenue, NE, Canton, OH 44702. This complex consists of 82 rowhouses & duplexes with one, two-, three-, four- & five-bedroom apartments. The total number of doors is 164 Question Deadline 05/06/2024 at 3:00 PM ET Requests for information received electronically. Owner Rights: Right to Reject, Waive, or Terminate the IFB. Reject any or all bids, to waive any informality in the IFB process, or to terminate the IFB process at any time, if deemed by the Agency to be in its best interests. Reject and not consider any bid that does not meet the requirements of this IFB, including but not necessarily limited to incomplete bids and/or bids offering alternate or non-requested services. Bond Notes : Bid Bond. The bid bond or guarantee shall be included in the bid package submitted by each bidder for any proposed fee that is greater than $50,000 (please see the preceding Section 3.1.1.1.3 herein). This bond ensures that if awarded the contract, the bidder will accept and perform the work under the contract. It also ensures that the bidder will not attempt to withdraw or otherwise not fulfill the contract. Finally, the bid bond ensures that the bidder will execute the contractual documents that are required within the time specified in the solicitation or forfeit all or part of the guarantee. A certified check, bank draft, U.S. Government Bonds at par value, bid bond secured by an acceptable surety company, or other negotiable instrument may be accepted as a bid guarantee. Performance Bond. The performance bond is meant to ensure that the contract is successfully completed. The performance bond guarantees that if the Contractor is unable to complete the contract, the surety company will step in to finish the work. In the case of a letter of credit or cash escrow, the Agency may use these funds to complete the contract work. Payment Bond. The payment bond is a method of ensuring that the Contractor pays the subcontractors and suppliers. By requiring payment bonds, the Agency avoids becoming entangled in disputes concerning payment of subcontractors and suppliers by the general contractor. The surety underwriting the payment bond ensures the contractors and suppliers will be paid. Often, performance and payment bonds are combined into a single document. Failure to pay subcontractors for work performed in commercial contracts may often lead to the subcontractor filing a mechanic's lien against the property owners to obtain payment for services rendered. The Agency contract requires that the payment bond to prevent this problem and ensure that no liens will be filed against any Agency building or lot of ground. Project Awarded to Sosic Painting & Remodeling