Every contract, change order, or modification under which a cost and price certificate is required shall contain a provision that the price, including profit or fee, shall be adjusted to exclude any significant price increases occurring because the contractor furnished cost or price information which, as of the date agreed upon between the parties, was inaccurate, incomplete, or not current. The specific contract clause is contained in COMAR 21.07.

Authority: State Finance and Procurement Article, §§12-101 and 13-220, Annotated Code of Maryland

Effective date: July 1, 1981 (8:13 Md. R. II-5)

Regulation .01 amended effective May 2, 2022 (49:9 Md. R. 531)

Regulation .03 amended effective January 9, 1989 (15:27 Md. R. 3138)