Md. Code Regs. 21.07.01.23

Current through Register Vol. 51, No. 21, October 18, 2024

Section 21.07.01.23 - Cost and Price Certification

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."

Md. Code Regs. 21.07.01.23