State Codes and Statutes
Statutes > New-mexico > Chapter-13 > Article-1 > Section-13-1-14713-1-147. 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.