Each bid must be made upon the Proposal form provided and must be accompanied with a bid bond for the full amount of the bid in favor of the Village of Oakwood given by a surety company authorized to do business in the State of Ohio, or a certified check or cashier's check in the amount of ten percent (10%) of the amount bid but in no event less than One Hundred Dollars ($100.00). The amount of such bond or check to be paid to the Village as stipulated for liquidated damages in the event that the successful bidder fails to enter into the contract under the terms of his bid within fourteen (14) days after being notified of the award of the contract to such bidder. The bond of an unsuccessful bidder shall forthwith be canceled and the check of such bidder returned, or, in the event the check has been deposited the amount shall be returned. When a Contract is entered into, a Surety Bond satisfactory to the Village in an amount equal to 100% of the total bid shall be furnished The TRYON ROAD PEDESTRIAN SAFETY TRAIL is partially funded by the Cuyahoga County Department of Development's Block Grant Program. A bidder/contractor will be deemed committed to the Department of Labor's goals and timetables for the Cleveland, Ohio area as specified in the Notice of Requirements for Affirmative Action to ensure Equal Employment Opportunity Order 11246 by submitting a properly signed bid. Each bidder must ensure that all employees and applicants for the employment are not discriminated against because of their race, color, sex, sexual orientation, gender identity, national origin, disability or veteran status 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 Village of Oakwood to do so Small Business Enterprises (SBE's) are encouraged to participate on this project. The goal for SBE participation is 35% of total contract award for this project.