A. Publications: All proposals to award purchase orders or contracts in excess of twenty five thousand dollars ($25,000.00) shall be published once at least ten (10) days in advance of the date announced for the receiving of bids in a newspaper of general circulation throughout the Village. Nothing herein shall be construed to prohibit the Village Manager from posting additional notices or advertising, or soliciting bids, in addition thereto. (Ord. 14-08-27; amd. Ord. 17-11-24)
B. Advertisements For Bids: Advertisements for bids shall describe the character of the proposed contract, purchase or improvement in sufficient detail to enable the bidders thereon to know what their obligations will be, either in the advertisement itself, or by reference to detailed plans and specifications on file in the Village office at the time of publication. The advertisement shall also state the date, time and place assigned for the receipt of bids and for the opening of bids, and such bids will be received at any time, subsequent to the time indicated in the announcement. (Ord. 14-08-27)
C. Bid Bonds: Cash, a cashier's check, or a certified check as a deposit of good faith, in a reasonable amount but not in excess of ten percent (10%) of the contract or purchase amount, may be required of each bidder on all sums in excess of twenty five thousand dollars ($25,000.00) if specified in the bid announcement. (Ord. 14-08-27; amd. Ord. 17-11-24)
D. Opening Of Sealed Bids: All sealed bids shall be publicly opened by the Village Manager, or his designated agent. All bids shall be open to public inspection in the office of the Village during the period between opening of bids and awarding of contract. (Ord. 14-08-27)
E. Bid Awards: The award of any purchase or contract in excess of twenty five thousand dollars ($25,000.00) shall be made by the Village Board to the lowest responsible qualified bidder if the Village is to expend funds, or, the highest responsible qualified bidder if the Village is to receive funds. (Ord. 14-08-27; amd. Ord. 17-11-24)