Section 13-1-47 - Definition; cost reimbursement contract.

NM Stat § 13-1-47 (2019) (N/A)
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"Cost reimbursement contract" means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

History: Laws 1984, ch. 65, § 20.