The project includes new construction of a 6,000 square-foot Event Center, interior and exterior improvements to the historic campus, and sitework. Where contracts are not awarded or construction undertaken within ninety days from the date of the establishment of the prevailing wages, there shall be a redetermination of the prevailing rate of wages before the contract is awarded." The expiration date of this wage schedule is listed above for your convenience only. This wage determination is not intended as a blanket determination to be used for all projects during this period without prior approval of this Department. the principal shall not withdraw said bid within the period specified therein after the opening of the same, or if no period be specified, within forty-eight (48) hours after said opening, and shall within the period specified therefor, or, if no period be specified, within ten (10) days after the prescribed forms are presented to him for signature, enter into a written contract with the City in accordance with the bid as accepted, and give bond with good and sufficient surety or sureties, as may be required, for the faithful performance and proper fulfillment of such contract, or in the event of the withdrawal of said bid within the period specified, or the failure to enter into such contract and give such bond within the time specified, if the principal shall pay the City the difference or failure to enter into such contract and give such bond within the time specified, if the principal shall pay the City the difference between the amount specified in said bid and the amount for which the City may procure the required work and/or supplies if the latter amount be in excess of the former, then the above obligation. City of Centerville has the right to reject this proposal, or to award the above described work to the undersigned at the prices stipulated. If the proposal is rejected then the enclosed check for 10% of the amount of the bid, (if a bid bond is not included), which is made payable to the City of Centerville shall be returned to the undersigned as provided in Instruction to Bidders. If the proposal is accepted and the work is awarded and the Undersigned shall fail to enter into a contract in the form and terms set out in the invitation to Bid within ten days after the award shall have been made, then the said check shall be cashed and the amount thereof paid into the Treasury of the City of Centerville as liquidation damages for the failure of the undersigned to comply with the terms of this proposal. void and of no effect, otherwise to remain in full force and virtue.