Definition; indefinite quantity contract

NMSA 1978, § 13-1-63 — under Article 1.

NMSA 1978, § 13-1-63

"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. History: Laws 1984, ch. 65, § 36.