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Current as of January 01, 2024 | Updated by FindLaw Staff
Any contract award, change order or contract modification under which the submission and certification of cost or pricing data are required shall contain a provision stating that the price to the state agency or a local public body, including profit or fee, shall be adjusted to exclude any significant sums by which the state agency or a local public body reasonably finds that such price was increased because the contractor-furnished cost or pricing data was inaccurate, incomplete or not current as of the date specified.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 13. Public Purchases and Property § 13-1-143. Cost or pricing data; price adjustment provision required - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-13-public-purchases-and-property/nm-st-sect-13-1-143/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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