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Code · Maryland · State Finance and Procurement

§ 14-206

144 words·~1 min read·/md/state-finance-and-procurement/14-206·

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§14–206.
(a)In this section, “percentage preference” means the percent of the lowest responsive bid submitted by a responsible bidder who is not a small business by which a responsive bid by a small business may:
(1)exceed the lowest bid; and
(2)be awarded a procurement contract under this subtitle.
(b)Subject to the approval of the Board, each unit:
(1)shall establish a percentage preference, not to exceed 8%, for each industry as follows:
(i)a base percentage preference not to exceed 5% for all small businesses; and
(ii)two additional preferences to the percentage preference set forth in item
(i)of this paragraph as follows:
1. 2% for veteran–owned small businesses; and
2. 3% for disabled veteran–owned small businesses; and
(2)may vary the percentage preference determined in item (1)(i) of this subsection among industries to account for their particular characteristics.
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