Section 14-206 - Percentage preference established(a) In this section, "percentage preference" means the percent of the lowest responsive bid submitted by a responsible bidder who is not a small business by which a responsive bid by a small business may: (1) exceed the lowest bid; and(2) be awarded a procurement contract under this subtitle.(b) Subject to the approval of the Board, each unit:(1) shall establish a percentage preference, not to exceed 8%, for each industry as follows:(i) a base percentage preference not to exceed 5% for all small businesses; and(ii) two additional preferences to the percentage preference set forth in item (i) of this paragraph as follows:1. 2% for veteran-owned small businesses; and2. 3% for disabled veteran-owned small businesses; and(2) may vary the percentage preference determined in item (1)(i) of this subsection among industries to account for their particular characteristics.Amended by 2024 Md. Laws, Ch. 653,Sec. 1, eff. 10/1/2024.