§ 13-216
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/md/state-finance-and-procurement/13-216·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§13–216.
(a)Except as provided in subsection
(b)of this section, a procurement officer may not require a contractor to provide a performance bond, payment bond, or other security on a procurement contract for construction, construction related services, services, or supplies if the price of the procurement contract is less than or equal to the small procurement amount specified in § 13–109 of this title.
(b)A procurement officer shall require a contractor to provide a performance bond, payment bond, or other security if federal law or a condition of federal assistance requires the security.
(c)If the price of a procurement contract for construction exceeds the small procurement amount specified in § 13–109 of this title for construction, a procurement officer shall require a contractor to provide security as required under Title 17, Subtitle 1 of this article.
(d)A procurement officer may require a contractor to provide a performance bond or other security on a procurement contract for supplies, services, or construction related services if:
(1)circumstances warrant security; and
(2)the price of the procurement contract exceeds the small procurement amount specified in § 13–109 of this title.
(1)The Board shall adopt regulations to establish separate surety bond forms for procurement officers to use to require security for:
(i)fixed–price contracts; and
(ii)multiyear contracts.
(2)The form for multiyear contracts shall provide for annual and renewable contracts.