Maryland Code, STATE FINANCE AND PROCUREMENT 14-207
Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 14-207
- Contract: A legal written agreement that becomes binding when signed.
(b) The invitation for bids on a procurement that has been designated for a small business preference shall be sent to small businesses and regular bidders to establish a reasonable price range commensurate with current market conditions.
(c) The Secretary of General Services, the Secretary of Transportation, or the Chancellor of the University System of Maryland shall award a procurement contract designated for a small business preference to the small business that:
(1) is a responsible bidder; and
(2) submits the lowest responsive bid from a small business if the difference between that bid and the lowest responsive bid submitted by a responsible bidder who is not a small business does not exceed the percentage preference established under § 14-206 of this subtitle.