# State Finance and Procurement (GSF)

## Title 17. Special Provisions -- State and Local Subdivisions

### Subtitle 1. Security for Construction Contracts

#### Section 17-101

(a) In this subtitle the following words have the meanings indicated.

(b) "Payment security" means security to guarantee payment for labor and materials, including leased equipment, under a contract for construction.

(c) "Performance security" means security to guarantee the performance of a contract for construction.

(d) "Public body" means:

  (1) the State;

  (2) a county, municipal corporation, or other political subdivision;

  (3) a public instrumentality; or

  (4) any governmental unit authorized to award a contract.

(e)

  (1) "Supplier" means a person who supplies labor or materials.

  (2) "Supplier" includes a lessor of equipment to the extent of the fair rental value of the equipment.

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