Section 15-101 – “Invoice” Defined
In this subtitle, “invoice” means an invoice that meets the requirements of § 15-102 of this subtitle.
Section 15-102 – Required Information
A contractor who submits an invoice for a procurement contract shall include in the invoice: (1) the contractor’s federal employer’s identification number or Social Security number; (2) the procurement contract or purchase order number or another adequate description of the procurement contract; and (3) any documentation required by regulation or the procurement contract.
Section 15-103 – Payment by State
It is the policy of the State to make a payment under a procurement contract within 30 days: (1) after the day on which the payment becomes due under the procurement contract; or (2) if later, after the day on which the unit receives an invoice.
Section 15-104 – Interest on Late Payments
(a) Except as provided in § 15-105 of this subtitle, interest shall accrue at the rate of 9% per annum on any amount that: (1) is due and payable by law and under the written procurement contract; and (2) remains unpaid more than 45 days after a unit receives an invoice. (b) Interest shall accrue beginning on the 31st […]
Section 15-105 – Interest Not Payable
A unit is not liable under § 15-104 of this subtitle for interest: (1) unless within 30 days after the date on the State’s check for the amount on which the interest accrued, the contractor submits an invoice for the interest; (2) if a contract claim has been filed under Subtitle 2 of this title; (3) accruing more […]
Section 15-106 – Disputes by Units on Payment
The Governor shall resolve a dispute among units as to which unit is responsible for a delayed payment under a procurement contract.
Section 15-107 – Duty of Unit After Semifinal Payment
After a unit pays a semifinal estimate on a procurement contract, the unit shall place any retainage remaining in its possession in an interest bearing escrow account.
Section 15-108 – Retainage
(a) This section does not apply to any procurement contract funded with tax-exempt financing. (b) (1) Subject to the requirements of this section, a contractor under a procurement contract that a unit awards for construction is entitled to have retainage under the procurement contract placed in an escrow account if the contractor: (i) elects that procedure in the procurement […]
Section 15-109 – Inspections
(a) At reasonable times an inspection may be conducted of a plant, place of business, or job site of: (1) a bidder or offeror seeking a procurement contract; (2) any contractor under a procurement contract; (3) a subcontractor under a procurement contract; or (4) a prospective subcontractor of: (i) a bidder or offeror seeking a procurement contract; or (ii) a contractor under […]
Section 15-110 – Audits
(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 […]
Section 15-111 – Reports
(a) Within 60 days after the end of each fiscal year, each primary procurement unit shall submit to the Chief Procurement Officer a report on each procurement contract that was awarded during the preceding fiscal year, whether the procurement was conducted by the primary procurement unit or subject to review by the primary procurement unit, and: […]
Section 15-112 – Change Orders
(a) (1) (i) Except as provided in subparagraph (ii) of this paragraph, this section applies to State procurement contracts for construction. (ii) This section does not apply to State procurement contracts for public school construction or public school capital improvements. (2) For purposes of this section, a written acceptance letter for a State Highway Administration or Maryland Aviation Administration procurement […]