New Mexico Statutes 13-1-71. Definition; price agreement
Current as of: 2023 | Check for updates
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“Price agreement” means a definite quantity contract or indefinite quantity contract which requires the contractor to furnish items of tangible personal property, services or construction to a state agency or a local public body which issues a purchase order, if the purchase order is within the quantity limitations of the contract, if any.
Terms Used In New Mexico Statutes 13-1-71
- Contract: A legal written agreement that becomes binding when signed.
- Personal property: All property that is not real property.