Bid security; rejection of bids.

  1. Law
  2. New Mexico Statutes
  3. Public Purchases and Property
  4. Procurement
  5. Bid security; rejection of bids.

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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.

History: Laws 1984, ch. 65, § 120.


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