There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 13: Public Purchases and Property
Article 1: Procurement, 13-1-1 through 13-1-199
Section 13-1-147: Bid security; rejection of bids.
Universal Citation:
NM Stat § 13-1-147 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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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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