There is a newer version of the New Mexico Statutes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 13-1-63: Definition; indefinite quantity contract.
NM Stat § 13-1-63 (1996 through 1st Sess 50th Legis) What's This?
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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