Volume 770, Page 1630 View pdf image |
Ch. 48 LAWS OF MARYLAND As to security for performance and payment, see § Defined terms: "Bid" § 11-101 "Construction" § 11-101 "Construction related services" § 11-101 "Procurement contract" § 11-101 "Procurement officer" § 11-101 "Proposal" § 11-101 "Services" § 11-101 "Supplies" § 11-101 13-208. PROPER SECURITY. (A) IN GENERAL. EXCEPT AS PROVIDED UNDER SUBSECTION (B) OF THIS SECTION, IF (B) EXCEPTIONS FOR DEFICIENCIES. A PROCUREMENT OFFICER MAY ACCEPT A BID OR PROPOSAL THAT IS (1) THE PROCUREMENT OFFICER DETERMINES THAT: (I) THE DEFICIENCY IN THE AMOUNT IS (II) ACCEPTANCE OF THE BID OR PROPOSAL WOULD BE (2) THE PROCUREMENT OFFICER FURTHER DETERMINES THAT: (I) THE BID OR PROPOSAL WAS THE ONLY ONE (II) THE BID SECURITY BECAME INADEQUATE AS A (III) AFTER CONSIDERATION OF THE RISKS INVOLVED REVISOR'S NOTE: This section is new language derived - 1630 -
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Volume 770, Page 1630 View pdf image |
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