§ 13–213
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 13-213 (2026)
Title 13. Source Selection -- State Procurement Contracts
Subtitle 2. Procedural Requirements
§ 13–213LinkCopy Citation
(a)
In accordance with Title 10, Subtitle 1 of the State Government Article, the Board shall adopt regulations on price and cost principles based on generally accepted accounting principles.
(b)
The principles adopted by the Board shall be used:
(1)
as guidelines for negotiations on:
(i)
estimated costs or fixed prices;
(ii)
price adjustments for contract modifications and change orders; and
(iii)
settlements of terminated procurement contracts;
(2)
to establish the allowability of costs under procurement contract provisions for the reimbursement of costs; and
(3)
in any other situation that requires the establishment of the estimated or incurred costs of performing a procurement contract.