Maryland Code, STATE FINANCE AND PROCUREMENT 17-106
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Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 17-106
- Contract: A legal written agreement that becomes binding when signed.
Before a contractor receives a progress or final payment under a contract covered by payment security, the contractor shall certify in writing that, in accordance with contractual arrangements, suppliers:
(1) have been paid from the proceeds of previous progress payments; and
(2) will be paid in a timely manner from the proceeds of the progress or final payment currently due.