Md. Code, State Finance and Procurement § 13-216
Md. Code, State Finance and Procurement § 13-216
in effect(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.
(e) (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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf§ion=13-216&enactments=falseFetched: 10/17/2026