{"data":{"id":"us-nm/13-1-182","jurisdiction":"us-nm","citation":"13-1-182","heading":"Ratification or termination after execution of contract.","body":"If after the execution of a valid, written contract by all parties and necessary approval authorities, the state purchasing agent or a central purchasing office makes a determination that a solicitation or award of the contract was in violation of law and if the business awarded the contract did not act fraudulently or in bad faith:\nA. the contract may be ratified, affirmed and revised to comply with law, provided that a determination is made that doing so is in the best interests of a state agency or a local public body; or\nB. the contract may be terminated, and the contractor shall be compensated for the actual expenses reasonably incurred under the contract plus a reasonable profit prior to termination.","path":["Chapter 13 - Public Purchases and Property","ARTICLE 1 Procurement"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18513/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"a74e036954481c7a13ff0eb6fdadae2c26f73b0cbb1647d80ee1dfd3a2d044d9","source_id":"us-nm","stale":false,"prev":"us-nm/13-1-181","next":"us-nm/13-1-183"},"notice":"GroundRules: Original legal text. Not legal advice."}