§ 14–206
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 14-206 (2026)
Title 14. Preferences
Subtitle 2. Small Business Preference Program
§ 14–206LinkCopy Citation
(a)
In this section, “percentage preference” means the percent of the lowest responsive bid submitted by a responsible bidder who is not a small business by which a responsive bid by a small business may:
(1)
exceed the lowest bid; and
(2)
be awarded a procurement contract under this subtitle.
(b)
Subject to the approval of the Board, each unit:
(1)
shall establish a percentage preference, not to exceed 8%, for each industry as follows:
(i)
a base percentage preference not to exceed 5% for all small businesses; and
(ii)
two additional preferences to the percentage preference set forth in item (i) of this paragraph as follows:
(1)
2% for veteran–owned small businesses; and
(2)
3% for disabled veteran–owned small businesses; and
(2)
may vary the percentage preference determined in item (1)(i) of this subsection among industries to account for their particular characteristics.