Section 13-1-147 - Bid security; rejection of bids. - New Mexico Statutes

13-1-147. 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.