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.
§ 13-1-147 NMSA 1978
Bid security; rejection of bids
Laws 1984, ch. 65, § 120.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.