Code of Maryland Regulations
Title 21 - STATE PROCUREMENT REGULATIONS
Subtitle 07 - CONTRACT TERMS AND CONDITIONS
Chapter 21.07.01 - Mandatory Contract Provisions - All Contracts (except as provided under COMAR 21.05.07, 21.07.02, and 21.07.03)
Section 21.07.01.23 - Cost and Price Certification
Universal Citation: MD Code Reg 21.07.01.23
Current through Register Vol. 51, No. 19, September 20, 2024
Mandatory provision for all contracts and contract modifications (excluding real property leases and architectural services or engineering services contracts (see Regulation .24)) if the contract or modification exceeds $100,000 or a smaller amount determined by the procurement officer under State Finance and Procurement Article, § 13-220. The language shall be in substantially the same form as follows:
"Cost and Price Certification"
"A. The Contractor by submitting cost or
price information certifies that, to the best of its knowledge, the information
submitted is accurate, complete, and current as of a mutually determined
specified date prior to the conclusion of any price discussions or negotiations
for:
"(1) A negotiated contract, if the total
contract price is expected to exceed $100,000, or a smaller amount set by the
procurement officer; or
"(2) A
change order or contract modification, expected to exceed $100,000, or a
smaller amount set by the procurement officer.
"B. The price under this Contract and any
change order or modification hereunder, including profit or fee, shall be
adjusted to exclude any significant price increases occurring because the
Contractor furnished cost or price information which, as of the date agreed
upon between the parties, was inaccurate, incomplete, or not
current."
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