# State Finance and Procurement (GSF)

## Title 15. Procurement Contract Administration and Dispute Resolution

### Subtitle 1. Procurement Contract Administration

#### Section 15-110

(a) The following persons are subject to an audit of books, accounts, or records:

  (1) before the expiration of the period of retention under subsection (c) of this section, a person who submits cost and price information under Sec. 13-220 of this article, if the books, accounts, or records being audited are reasonably connected with the cost and price information;

  (2) a contractor or subcontractor under a procurement contract if, from an audit of a cost-type contract, the unit has reason to believe that costs have been inappropriately assigned to the cost-type contract from a fixed-price contract; and

  (3) a contractor or subcontractor under a procurement contract that:

    (i) was awarded by a method other than competitive sealed bids; and

    (ii) is not a firm fixed-price procurement contract.

(b) An audit under this section may be conducted by:

  (1) the Department of Legislative Services;

  (2) a unit engaged in procurement; or

  (3) as authorized by law, any other unit.

(c) A person subject to an audit under subsection (a) of this section shall keep books, accounts, and records for:

  (1) at least 3 years after the day on which the person receives final payment under a procurement contract or a subcontract; or

  (2) if longer, the period required under the procurement contract.

---

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