There is a newer version of the New Mexico Statutes
2006 New Mexico Statutes - Section 13-1-63 — Definition; indefinite quantity contract.
13-1-63. Definition; indefinite quantity contract.
"Indefinite quantity contract" means a contract which requires the contractor to furnish an indeterminate quantity of specified services, items of tangible personal property or construction during a prescribed period of time at a definite unit price or at a specified discount from list or catalogue prices.
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