New Mexico Statutes
§ 13-1-182 — Ratification or termination after execution of contract
New Mexico § 13-1-182
This text of New Mexico § 13-1-182 (Ratification or termination after execution of contract) 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. § 13-1-182 (2026).
Text
If after the execution of a valid, written contract by all parties and necessary approval authorities, the state purchasing agent or a central purchasing office makes a determination that a solicitation or award of the contract was in violation of law and if the business awarded the contract did not act fraudulently or in bad faith: A. the contract may be ratified, affirmed and revised to comply with law, provided that a determination is made that doing so is in the best interests of a state agency or a local public body; or B. the contract may be terminated, and the contractor shall be compensated for the actual expenses reasonably incurred under the contract plus a reasonable profit prior to termination.
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Legislative History
Laws 1984, ch. 65, § 155; 2002, ch. 62, § 2.
Nearby Sections
15
§ 13-1-100.1
Construction contracts; construction management§ 13-1-101
Repealed§ 13-1-102
Competitive sealed bids required§ 13-1-103
Invitation for bids§ 13-1-104
Competitive sealed bids; public notice§ 13-1-107
Competitive sealed bids; bid opening§ 13-1-108
Competitive sealed bids; award§ 13-1-108.1
Recompiled§ 13-1-110
Competitive sealed bids; identical bidsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 13-1-182, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/13/13-1-182.