Section 111.

When any expenditure in any department other than the compensation of persons employed therein, exceeds monetary limits prescribed by the Ohio Revised Code, it shall first be authorized and directed by ordinance of the Council. When so authorized and directed, the Board of Control shall make a written contract with the lowest and best bidder who is responsible after advertisement once a week for at least two weeks in a newspaper of general circulation within the City.

   The bids shall be opened at 12:00 o'clock noon, on the last day for filing the same by the Mayor in the presence of the Director of Finance and publicly read. Each bid shall contain the full name of every person or company interested in the same, and shall be accompanied by a sufficient bond or certified check on a solvent bank of the City, as required by the specifications for the improvement, that if the bid is accepted a contract will be entered into and an acceptable bond in the sum of not less than fifty percent of the contract price given to properly secure the performance of the same within the contract time. If the work bid for embraces both labor and material, they shall be separately stated with the price therefor. If the bids so received are in excess of the Commissioner of Engineering's estimate of the cost, it shall be optional with the City, either to elect to furnish the material and do the work under the Commissioner of Engineering's Supervision or readvertise for new proposals. The Board of Control may reject any or all bids, but shall indorse on the bid or bids rejected the reason for so doing.

(Amended 11-2-93)