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

Roof Replacements and Related Work 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. 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. No bid shall be withdrawn for a period of (60) days subsequent to the opening of bids without the consent of the Akron Metropolitan Housing Authority.