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New Mexico Statutes Chapter 13. Public Purchases and Property § 13-1-151. Multi-term contracts; determination prior to use

Current as of January 01, 2024 | Updated by Findlaw Staff

Prior to the utilization of a multi-term contract, the state purchasing agent or the central purchasing office involved shall make a determination that:

A. the estimated requirements cover the period of the contract and are reasonably firm and continuing; and

B. the contract will serve the best interests of the state agency or a local public body.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 13. Public Purchases and Property § 13-1-151. Multi-term contracts; determination prior to use - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-13-public-purchases-and-property/nm-st-sect-13-1-151/

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