Effective: September 28, 1973
Latest Legislation: House Bill 200 - 110th General Assembly
The director of transportation may enter into any contract authorized by law upon a unit price basis. Where a contract is entered into upon a unit price basis, the contractor shall state in his bid the sum for which he offers to perform each unit of each different kind or class of work, and upon completion the quantities of each kind of work shall be measured and the contractor paid only for the quantities of work actually performed by him. Where the director elects to enter into a contract upon a unit price basis he may include in the estimate such reasonable sums as he deems necessary to cover variations in the actual quantities of work as compared with the estimated quantities. In the event the actual compensation earned by the contractor exceeds the estimate, any such excess shall be paid from any funds of the department of transportation which may be expended upon the improvement in question. In the event the actual compensation earned by the contractor is less than the estimate, the saving shall inure to the benefit of the state.
Structure 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.