New Mexico § 13-1-143 Cost or pricing data; price adjustment provision required

New Mexico Statutes

§ 13-1-143 — Cost or pricing data; price adjustment provision required

New Mexico § 13-1-143

Ch. 13Public Purchases and Property

Art. 1Procurement

This text of New Mexico § 13-1-143 (Cost or pricing data; price adjustment provision required) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 13-1-143 (2026).

Text

Any contract award, change order or contract modification under which the submission and certification of cost or pricing data are required shall contain a provision stating that the price to the state agency or a local public body, including profit or fee, shall be adjusted to exclude any significant sums by which the state agency or a local public body reasonably finds that such price was increased because the contractor- furnished cost or pricing data was inaccurate, incomplete or not current as of the date specified.

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Any contract award, change order or contract modification under which the submission and certification of cost or pricing data are required shall contain a provision stating that the price to the state agency or a local public body, including profit or fee, shall be adjusted to exclude any significant sums by which the state agency or a local public body reasonably finds that such price was increased because the contractor- furnished cost or pricing data was inaccurate, incomplete or not current as of the date specified.