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When a bid is
accepted for a contract other than for the construction, demolition,
alteration, repair, or reconstruction of an improvement, the contracting
authority shall, as a condition to entering a contract with the
successful bidder, require faithful performance of all things to be done
under the contract and may require, as a condition to entering a
purchase contract, lease, or lease with option or agreement to purchase,
the bond provided for by section
153.57 of the Revised Code, with good and sufficient surety in an
amount not to exceed the amount of the bid.
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