Md. Code, State Finance and Procurement § 13-214
This is the official text of Md. Code, State Finance and Procurement § 13-214, part of Maryland’s Code, State Finance and Procurement — governs the state budget and government contracting.
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§13–214.
Official statutory text
(a) (1) Subject to § 13-215 of this subtitle and subsection (b) of this section, a unit may enter into a procurement contract based on any method of pricing that will promote the best interests of the State.
(2) If practicable, a unit shall give preference to a fixed-price form of procurement contract.
(b) (1) A unit may not enter into a cost-plus-a-percentage-of-cost procurement contract.
(2) A contractor who is subject to a cost-reimbursement contract may not enter into a cost-plus-a-percentage-of-cost subcontract.
(2) If practicable, a unit shall give preference to a fixed-price form of procurement contract.
(b) (1) A unit may not enter into a cost-plus-a-percentage-of-cost procurement contract.
(2) A contractor who is subject to a cost-reimbursement contract may not enter into a cost-plus-a-percentage-of-cost subcontract.
Status: in_force · Read it on the official government site
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