§ 13-214. Pricing

MD State Fin & Pro Code § 13-214 (2019) (N/A)
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(a)    (1)    Subject to § 13-215 of this subtitle and subsection (b) of this section, a unit may enter into a procurement contract based on any method of pricing that will promote the best interests of the State.

(2)    If practicable, a unit shall give preference to a fixed-price form of procurement contract.

(b)    (1)    A unit may not enter into a cost-plus-a-percentage-of-cost procurement contract.

(2)    A contractor who is subject to a cost-reimbursement contract may not enter into a cost-plus-a-percentage-of-cost subcontract.