The Secretary of General Services, the Secretary of Transportation, and the Chancellor of the University System of Maryland each shall adopt regulations to establish procedures for:
(1) compiling and maintaining a comprehensive bidder’s list of small businesses;
(2) locating potential sources for various construction related services, supplies, and services and affirmatively seeking to locate potential minority business enterprise sources for those construction related services, supplies, and services;
(3) helping small businesses to comply with the procedures for bidding on procurement contracts;
(4) examining requests for construction related services, supplies, and services to determine when an invitation for bids may be designated for the Small Business Preference Program;
(5) bidding for a procurement contract designated for a small business preference;
(6) simplifying procurement specifications and terms, to increase the opportunities for small business participation;
(7) investigating the responsibility of bidders on small business preferences; and
(8) explaining to a small business the reason for which its bid for a small business preference was rejected.