"Indefinite quantity contract" means a contract which requires the contractor to furnish an indeterminate quantity of specified services, items of tangible personal property or construction during a prescribed period of time at a definite unit price or at a specified discount from list or catalogue prices.
§ 13-1-63 NMSA 1978
Definition; indefinite quantity contract
Applied in 1 court decision — leading case Rogers v. Eddy County Bd. of Com'rs (1992)
Most recently applied in Rogers v. Eddy County Bd. of Com'rs (December 1992)
Laws 1984, ch. 65, § 36.
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.