Ohio Revised Code
Chapter 5525 | Construction Contracts
Section 5525.10 | Contracts Not to Be Awarded for More Than Cost Plus Five per Cent.

Effective: June 29, 2005
Latest Legislation: House Bill 68 - 126th General Assembly
Except as provided in section 5525.15 of the Revised Code, no contract for any road improvement shall be awarded for a greater sum than the estimated cost thereof plus five per cent. The bids received for an improvement shall be opened at the time and place stated in the notice and the bids shall conform to such other requirements as the director of transportation prescribes. If no acceptable bid is made the director may readvertise the work at the original estimate or amend the estimate and again proceed to advertise for bids. The director may contract for the construction or improvement of bridges and culverts or the grading required in connection with an improvement and may defer making contracts for the remainder of said improvement until such grade has become stable and solid.

Structure Ohio Revised Code

Ohio Revised Code

Title 55 | Roads-Highways-Bridges

Chapter 5525 | Construction Contracts

Section 5525.01 | Advertisement for Bids - Awarding of Contracts - Odot Letting Fund.

Section 5525.011 | Complying With Federal Surface Transportation Assistance Act.

Section 5525.02 | Qualification and Classification of Bidders.

Section 5525.03 | Application for Qualification.

Section 5525.04 | Financial Statement and Financial Audit.

Section 5525.05 | Rules - Lists of Qualified Bidders.

Section 5525.06 | Subcontractor Must Be Properly Qualified.

Section 5525.061 | Subcontract Approval.

Section 5525.07 | Notification of Final Action - Prequalification Review Board.

Section 5525.08 | Disposition of Bids of Unqualified Bidders - Nonresponsive Bids.

Section 5525.09 | False Statement With Respect to Financial Worth.

Section 5525.10 | Contracts Not to Be Awarded for More Than Cost Plus Five per Cent.

Section 5525.11 | Contract Upon a Unit Price Basis.

Section 5525.12 | Lumber Deemed Material.

Section 5525.13 | Limitation of Surety Bond and Insurance.

Section 5525.14 | Written Change Orders or Orders for Extra Work.

Section 5525.15 | Cost Estimates May Be Confidential.

Section 5525.16 | Contract Performance Bond and Payment Bond.

Section 5525.17 | Failure of Contractor or Surety to Complete Work.

Section 5525.18 | Contract With Foreign Corporation.

Section 5525.19 | Payment of Costs.

Section 5525.20 | Incentive and Disincentive Contract Provisions.

Section 5525.21 | Authorizing Minimal Amount of Foreign Steel Products in Bridge Projects.

Section 5525.22 | Demolition Contracts.

Section 5525.23 | Binding Dispute Resolution for Contract Controversies.

Section 5525.25 | Warranty Specifications in Bidding Documents.

Section 5525.99 | Penalty.