# State Finance and Procurement (GSF)

## Title 13. Source Selection -- State Procurement Contracts

### Subtitle 2. Procedural Requirements

#### Section 13-213

(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.

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Md. Code Ann., State Fin. & Proc. (as displayed at mgaleg.maryland.gov, October 16, 2026)