Maryland State Finance and Procurement Section 13-101

CAUTION: READ FULL TEXT OF SECTION FOR SPECIAL NOTE

      (a)      In this subtitle the following words have the meanings indicated.

      (b)      "Evaluated bid price" means the price of a bid after adjustment in accordance with objective measurable criteria.

      (c)      (1)      "Objective measurable criteria" means standards that enable the State to compare the economy, effectiveness, or value of the subject of the bids.

            (2)      "Objective measurable criteria" includes standards of reliability, operational costs, maintainability, useful life, and residual value.

      (d)      "eMaryland Marketplace" means the Internet-based procurement system managed by the Department of General Services.

      (e)      "Contract Weekly Online" means the Internet-based version of the Maryland Contract Weekly.

** SPECIAL NOTE: EFFECTIVE - JULY 1, 2006 - CHAPTER 515 - 2004 **

      (a)      In this subtitle the following words have the meanings indicated.

      (b)      "Evaluated bid price" means the price of a bid after adjustment in accordance with objective measurable criteria.

      (c)      (1)      "Objective measurable criteria" means standards that enable the State to compare the economy, effectiveness, or value of the subject of the bids.

            (2)      "Objective measurable criteria" includes standards of reliability, operational costs, maintainability, useful life, and residual value.

      (d)      "eMaryland Marketplace" means the Internet-based procurement system managed by the Department of General Services.