Illinois Code § 65 ILCS 5/9-2-110

Except as otherwise provided in Section 9-2-113, if such
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original bidder fails or refuses for 20 days after the first publication of
the notice of award, or in case a contract is made with the owners, and
default by them, then, within 10 days after notice that the owners are in
default, to enter into a contract, which shall be simultaneously executed
by the municipality and signed by the president of the board of local
improvements and attested by the municipal clerk under the municipal seal,
then the board of local improvements, without further proceedings, shall
again advertise for proposals or bids, as in the first instance, and award
the contract for the work to the then regular lowest bidder. The bids of
all persons, and the election of all owners as specified in Section 9-2-109
who have failed to enter into the contract as provided in this Division 2,
shall be rejected in any bidding or election subsequent to the first for
the same work.

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