(A) A contract for the printing of ballots involving a cost in excess of twenty-five thousand dollars shall not be awarded until after a proposal period of fifteen days. During the proposal period, a notice shall be published once in a newspaper of general circulation published in the county, may be posted electronically by email or other electronic means by the board of elections, and may be given by mail by the board of elections, addressed to the responsible printing offices.

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(B) Except as otherwise provided in this section, each proposal for a contract described in division (A) of this section must be accompanied by a bid bond in a sum of ten per cent of the amount of the proposal. No proposal unaccompanied by such bid bond shall be considered by the board.

(C) The contract shall be awarded to the most qualified responsible proposer that meets the minimum standards established by the secretary of state under division (D) of this section. The proposer shall post a performance bond equal to one hundred per cent of a single election’s contract amount. If the contract is for multiple elections, then the board instead may require the proposer to post a performance bond of a sum equal to one hundred per cent of the board’s estimated ballot printing costs for the largest election to be conducted during the contract period.

(D) The secretary of state shall adopt rules establishing printing, mailing, and security standards for vendors that print ballots under contracts entered into under this section, in accordance with Chapter 119 of the Revised Code.