Statutes > New Mexico Statutes > Chapter 13 - Public Purchases and Property. > Article 1 - Procurement, 13-1-1 through 13-1-199. > Section 13-1-147 - Bid security; rejection of bids.

Section 13-1-147 - Bid security; rejection of bids.

13-1-147. Bid security; rejection of bids.

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.