§ 13-317. Cost certificate by contractor

   (a) Required before award. -- A unit may not award a procurement contract to a person under this subtitle unless:

   (1) the person submits:

      (i) an affidavit of noncollusion; and

      (ii) a price quotation; and

   (2) for a procurement contract costing more than $ 200,000, the person has executed a truth-in-negotiation certificate.

(b) Contents of truth-in-negotiation certificate. -- The truth-in-negotiation certificate shall state that:

   (1) wage rates and other factual unit costs supporting wages are accurate, complete, and current as of the time of contracting; and

   (2) the original price of the procurement contract and any additions to the procurement contract will be adjusted to exclude any significant price increase if the Selection Board determines that the price increase is due to wage rates or other factual unit costs that were inaccurate, incomplete, or not current as of the time of contracting.

(c) Contract adjustments. -- An adjustment to the procurement contract shall be made within 1 year after the procurement contract is completed.

HISTORY: SF § 11-159, 11-160, 11-177, 11-178; 1988, ch. 48, § 2; 2002, ch. 205.