Each bidder is required to furnish with its proposal, a Bid Guaranty and Contract Bond in accordance with Section 153.54 of the Ohio Revised Code. Bid security furnished in Bond form, shall be issued by a Surety Company or Corporation licensed in the State of Ohio to provide said surety. Each bid must be made upon the Proposal Form provided in the set of specifications and must be accompanied by a bank check or cashier's check drawn on a solvent bank in Cuyahoga County in an amount equal to ten percent (10%) of the amount bid, or a bid bond in the amount of one hundred percent (100%) of the amount bid, as a guarantee that if said bid is accepted, a contract will be entered into and a Surety Bond satisfactory to said City in an amount equal to 100% of the total bid will be furnished. Checks shall be made payable to the City of Maple Heights, Ohio. Each Proposal must contain the full name of the party or parties submitting the proposal and all persons interested therein. Each bidder must submit evidence of its experiences on projects of similar size and complexity. Bids will be opened and read at the time and place stated above. Those who submitted Proposals or their representatives are invited to attend. Bidders must comply with the wage rates on Public Improvements in Cuyahoga County and the City of Maple Heights, Ohio, as determined by the Ohio Bureau of Employment Services, Wage and Hour Division, (614) 644-2239. The right is reserved to accept any bidder, to reject any or all bids, and to waive informalities should it be deemed to be in the best interest of the City of Maple Heights to do so. Bids are to be submitted in accordance with the plans and specifications on file in the office of the Purchasing Agent. Sealed bids must be marked, "MAPLE HEIGHTS 2023 CONCRETE ROADWAY REPAIR PROGRAM and/or the "MAPLE HEIGHTS 2023 ASPHALT ROADWAY REPAIR PROGRAM