It is understood and agreed that the "Estimated Quantities" upon which this Proposal is based are approximately only; that they shall be used in determining the total amounts of bids for the purpose of determining the lowest and best bidder; that they may be increased or diminished at the option of the Owner during the term of the Contract; and that if awarded the Contract, the undersigned shall not be entitled to any claim or loss of profits or other damages should the actual quantities of any or all items prove to be greater or less than that stated in the column "Estimated Quantities." Each proposal shall be signed by the full name and business address of each person or company interested in the same; shall be accompanied by a security bond by a bonding company authorized to do business in the State of Ohio, or by a certified check on some solvent bank in the amount of ten percent (10%) of the amount of the submitted proposal, the surety bond or certified check being payable to the City of Moraine, Ohio, as a guarantee that if the proposal is accepted, a contract will be entered into and its performance properly secured by a satisfactory bond in the amount of one hundred percent (100%) of the contract price. hereby agrees, in accordance with the Specifications and this Proposal, to complete all work as shown or as specified BY AUGUST 31, 2020, or such extensions thereto as may be approved; and that the Owner may retain from the monies which may be due, an amount of liquidated damages for each and every calendar day the completion of the work may be delayed beyond the time herein stipulated. hereby certifies that no person interested in this Proposal is directly or indirectly interested in or connected with any other bid or proposal for the said work and no member of the City of Moraine or any other person in the employ of said City is directly or indirectly interested therein, or in any portion thereof, and he will, if required by the Owner, execute and submit from himself as Principal Contractor and from any Subcontractor, the non-collusion affidavits as provided herein. agrees that the Owner reserves the right to reject any or all bids, to waive any informalities or irregularities in the bids received, and to accept that bid which is considered lowest and to the best interest of the City of Moraine, Ohio. Project Location : Section 19, Town 1, Range 5 East City of Moraine Montgomery County, Ohio