§ 307.88. Contents of bids; bond.

(A)  Bids submitted pursuant to sections 307.86 to 307.92 of the Revised Code shall be in a form prescribed by the contracting authority and filed in a sealed envelope at the time and place mentioned in the advertisement. The bids received shall be opened and tabulated at the time stated in the notice. Each bid shall contain the full name of each person submitting the bid. Except as otherwise provided in division (B) of this section, if the bid is in excess of ten thousand dollars and for a contract for the construction, demolition, alteration, repair, or reconstruction of an improvement, it shall meet the requirements of section 153.54 of the Revised Code. If the bid is in excess of ten thousand dollars and for any other contract authorized by sections 307.86 to 307.92 of the Revised Code, it shall be accompanied by a bond or certified check, cashier's check, or money order on a solvent bank or savings and loan association in a reasonable amount stated in the advertisement but not to exceed five per cent of the bid, conditioned that he shall, if his bid is accepted, execute a contract in conformity to the invitation and his bid. 

(B)  The board of county commissioners may, by a unanimous vote of the entire board, permit a contracting authority to exempt a bid from any or all of the requirements of section 153.54 of the Revised Code if the estimated cost is less than twenty-five thousand dollars. If the board exempts a bid from any but not all of these requirements, the bid notice published in the newspaper pursuant to section 307.87 of the Revised Code shall state the specific bid guaranty requirements that apply. If the board exempts a bid from all requirements of section 153.54 of the Revised Code, the notice shall state that none of the requirements of that section apply. 

HISTORY: 132 v H 428 (Eff 12-9-67); 138 v S 157 (Eff 8-1-80); 142 v H 59 (Eff 10-1-87); 142 v H 128 (Eff 10-7-87); 142 v H 708. Eff 4-19-88.