State Procurement - Prompt Payment of Subcontractors and Suppliers - Alteration

Summary

The bill would force any contractor on a Maryland state procurement contract to pay a subcontractor or supplier at least 95% of an undisputed amount within ten days after the contractor gets a progress or final payment from the state. If the contractor withholds payment, they must give a written explanation to the subcontractor and copy the procurement officer. The goal is to speed cash flow to smaller businesses that work for the state.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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