Maryland Code, STATE FINANCE AND PROCUREMENT 17-101
Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 17-101
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- including: means includes or including by way of illustration and not by way of limitation. See
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) “Payment security” means security to guarantee payment for labor and materials, including leased equipment, under a contract for construction.
(c) “Performance security” means security to guarantee the performance of a contract for construction.
(d) “Public body” means:
(1) the State;
(2) a county, municipal corporation, or other political subdivision;
(3) a public instrumentality; or
(4) any governmental unit authorized to award a contract.
(e) (1) “Supplier” means a person who supplies labor or materials.
(2) “Supplier” includes a lessor of equipment to the extent of the fair rental value of the equipment.