Statutes > New Mexico Statutes > Chapter 13 - Public Purchases and Property. > Article 1 - Procurement, 13-1-1 through 13-1-199. > Section 13-1-151 - Multi-term contracts; determination prior to use.

Section 13-1-151 - Multi-term contracts; determination prior to use.

13-1-151. Multi-term contracts; determination prior to use.

Prior to the utilization of a multi-term contract, the state purchasing agent or the central purchasing office involved shall make a determination that:   

A.     the estimated requirements cover the period of the contract and are reasonably firm and continuing; and   

B.     the contract will serve the best interests of the state agency or a local public body.