There is a newer version of the New Mexico Statutes
2006 New Mexico Statutes - Section 13-1-147 — Bid security; rejection of bids.
13-1-147. Bid security; rejection of bids.
A. When the invitation for bids requires bid security, noncompliance by the bidder requires that the bid be rejected.
B. If a bidder is permitted to withdraw its bid before award, no action shall be had against the bidder or the bid security.
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