New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 81 - RETIREE HEALTH CARE FUNDS
Part 4 - CONTRACTS
Section 2.81.4.13 - SOLE SOURCE PROCUREMENT

Universal Citation: 2 NM Admin Code 2.81.4.13

Current through Register Vol. 35, No. 18, September 24, 2024

A. Subject to the limitations of Subsections B and C of this section, a contract may be awarded without competitive sealed proposals regardless of the estimated cost when the board makes a written determination, after conducting a good-faith review of available sources, that there is only one source for the required professional service, in accordance with Section 13-1-126 NMSA 1978, of the Procurement Code. The written determination shall include a detailed, sufficient explanation of the reasons why the qualifications or unique capabilities of the proposed vendor require a sole source contract with the vendor.

B. A copy of the written determination shall be kept on file pursuant to 2.81.4.16 NMAC.

C. The board or its designee shall conduct negotiations as to price and terms in order to obtain the price most advantageous to the NMRHCA.

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