New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 40 - EXPENDITURE OF PUBLIC FUNDS
Part 5 - PURCHASING OF SERVICES FROM PERSONS WITH DISABILITIES
Section 2.40.5.10 - ESTABLISHING AND VERIFYING FAIR MARKET PRICE
Current through Register Vol. 35, No. 18, September 24, 2024
A. The council shall verify and revise the fair market prices on an as needed basis.
B. The council shall revise the fair market prices in accordance with the changing market conditions to ensure that contracted services offer the best value for state agencies and local public bodies.
C. The pricing standard for services should be as close as possible to prevailing market price not including the central nonprofit agency fee.
D. The council shall set the price within a range submitted by the central nonprofit agency taking into consideration the benefits associated with employment of persons with disabilities.
E. Fair market price may be established based on:
F. When considering a contract award, in order to ensure that services offer the best value for state agencies and other public bodies, the central nonprofit agency shall determine suitability of individual contracts to be provided under each service, including, but not necessarily limited to:
G. The council chairperson shall have the authority to give tentative approval for specific contracts for work by the central nonprofit agency, between council meetings, subject to ratification by the full council at its next scheduled meeting, when time is of the essence for the purchaser.
H. The council shall establish procedures for verifying fair market price, which shall be published on the central nonprofit agency's website.