§ 15-110
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/md/state-finance-and-procurement/15-110·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§15–110.
(a)The following persons are subject to an audit of books, accounts, or records:
(1)before the expiration of the period of retention under subsection
(c)of this section, a person who submits cost and price information under § 13-220 of this article, if the books, accounts, or records being audited are reasonably connected with the cost and price information;
(2)a contractor or subcontractor under a procurement contract if, from an audit of a cost-type contract, the unit has reason to believe that costs have been inappropriately assigned to the cost-type contract from a fixed-price contract; and
(3)a contractor or subcontractor under a procurement contract that:
(i)was awarded by a method other than competitive sealed bids; and
(ii)is not a firm fixed-price procurement contract.
(b)An audit under this section may be conducted by:
(1)the Department of Legislative Services;
(2)a unit engaged in procurement; or
(3)as authorized by law, any other unit.
(c)A person subject to an audit under subsection
(a)of this section shall keep books, accounts, and records for:
(1)at least 3 years after the day on which the person receives final payment under a procurement contract or a subcontract; or
(2)if longer, the period required under the procurement contract.