§ 13–216
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 13-216 (2026)
Title 13. Source Selection -- State Procurement Contracts
Subtitle 2. Procedural Requirements
§ 13–216LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, a procurement officer may not require a contractor to provide a performance bond, payment bond, or other security on a procurement contract for construction, construction related services, services, or supplies if the price of the procurement contract is less than or equal to the small procurement amount specified in § 13–109 of this title.
(b)
A procurement officer shall require a contractor to provide a performance bond, payment bond, or other security if federal law or a condition of federal assistance requires the security.
(c)
If the price of a procurement contract for construction exceeds the small procurement amount specified in § 13–109 of this title for construction, a procurement officer shall require a contractor to provide security as required under Title 17, Subtitle 1 of this article.
(d)
A procurement officer may require a contractor to provide a performance bond or other security on a procurement contract for supplies, services, or construction related services if:
(1)
circumstances warrant security; and
(2)
the price of the procurement contract exceeds the small procurement amount specified in § 13–109 of this title.
(e)
(1)
The Board shall adopt regulations to establish separate surety bond forms for procurement officers to use to require security for:
(i)
fixed–price contracts; and
(ii)
multiyear contracts.
(2)
The form for multiyear contracts shall provide for annual and renewable contracts.