Home Table of Contents

§ 17-101. Definitions

West's Annotated Code of MarylandState Finance and Procurement

West's Annotated Code of Maryland
State Finance and Procurement
Division II. General Procurement Law [Titles 11-End] (Refs & Annos)
Title 17. Special Provisions--State and Local Subdivisions (Refs & Annos)
Subtitle 1. Security for Construction Contracts (Refs & Annos)
MD Code, State Finance and Procurement, § 17-101
§ 17-101. Definitions
In general
(a) In this subtitle the following words have the meanings indicated.
Payment security
(b) “Payment security” means security to guarantee payment for labor and materials, including leased equipment, under a contract for construction.
Performance security
(c) “Performance security” means security to guarantee the performance of a contract for construction.
Public body
(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.
Supplier
(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.

Credits

Added by Acts 1988, c. 48, § 2, eff. Oct. 1, 1988. Amended by Acts 2000, c. 655, § 1, eff. Oct. 1, 2000.
MD Code, State Finance and Procurement, § 17-101, MD STATE FIN & PROC § 17-101
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document