Maryland Statutes
Subtitle 1 - Procurement Contract Administration
Section 15-110 - Audits

(a)    The following persons are subject to an audit of books, accounts, or records:
        (1)    before the expiration of the period of retention under subsection (c) of this section, a person who submits cost and price information under § 13-220 of this article, if the books, accounts, or records being audited are reasonably connected with the cost and price information;
        (2)    a contractor or subcontractor under a procurement contract if, from an audit of a cost-type contract, the unit has reason to believe that costs have been inappropriately assigned to the cost-type contract from a fixed-price contract; and
        (3)    a contractor or subcontractor under a procurement contract that:
            (i)    was awarded by a method other than competitive sealed bids; and
            (ii)    is not a firm fixed-price procurement contract.
    (b)    An audit under this section may be conducted by:
        (1)    the Department of Legislative Services;
        (2)    a unit engaged in procurement; or
        (3)    as authorized by law, any other unit.
    (c)    A person subject to an audit under subsection (a) of this section shall keep books, accounts, and records for:
        (1)    at least 3 years after the day on which the person receives final payment under a procurement contract or a subcontract; or
        (2)    if longer, the period required under the procurement contract.

Structure Maryland Statutes