Section 13-1-63 - Definition; indefinite quantity contract.

NM Stat § 13-1-63 (2019) (N/A)
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"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.

History: Laws 1984, ch. 65, § 36.