New Mexico Administrative Code
Title 18 - TRANSPORTATION AND HIGHWAYS
Chapter 27 - HIGHWAY CONSTRUCTION GENERAL PROVISIONS
Part 5 - CONTRACTOR PREQUALIFICATION RULE
Section 18.27.5.15 - PREQUALIFICATION FOR CONSOLIDATED CORPORATIONS, MERGED CORPORATIONS, AND JOINT VENTURES
Current through Register Vol. 35, No. 18, September 24, 2024
The following prequalification packet procedure and Pqfra will apply to consolidated corporations, merged corporations and joint ventures:
A. For a consolidated or merged corporation pursuant to Section 53-14-6 NMSA 1978, or a similar statutory provision, the new corporation must be prequalified no later than seven calendar days before the opening of any bid. The Pqfra score of the surviving corporation will be the highest Pqfra of the individual corporations.
B. Each prime contractor participating in the joint venture must be individually prequalified seven calendar days before bid opening to join forces as a joint venture for bidding and performing work related to a single project. The joint venture itself need not prequalify.