Statutes > New Mexico Statutes > Chapter 13 - Public Purchases and Property. > Article 1 - Procurement, 13-1-1 through 13-1-199. > Section 13-1-74 - Definition; procurement.

Section 13-1-74 - Definition; procurement.

13-1-74. Definition; procurement.

"Procurement" means:   

A.     purchasing, renting, leasing, lease purchasing or otherwise acquiring items of tangible personal property, services or construction; and   

B.     all procurement functions, including but not limited to preparation of specifications, solicitation of sources, qualification or disqualification of sources, preparation and award of contract and contract administration.