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Maryland Code, State Finance and Procurement § 14-206

Current as of January 01, 2025 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Maryland Code, State Finance and Procurement § 14-206 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-finance-and-procurement/md-code-state-fin-and-proc-sect-14-206/

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