New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 3 - POST-SECONDARY EDUCATION INSTITUTION FINANCES
Part 10 - CAPITAL PROJECTS APPROVAL BY COMMISSION ON HIGHER EDUCATION
Section 5.3.10.12 - REVISED PROJECTS

Universal Citation: 5 NM Admin Code 5.3.10.12

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

A. When the development of a project has reached the stage just short of advertising for bids, if substantial changes have occurred in the size of the project, types of spaces, or estimated costs, the institution should resubmit the appropriate forms and plans to the department's staff. The staff will then determine whether the project should proceed or be reconsidered by both the capital outlay committee and the department. Substantial changes are defined as:

(1) a change in the size of the project of 10 percent or over 1,000 net assignable square feet, whichever is larger;

(2) a 10 percent change in the type or purpose of planned space; or

(3) a change in the total project cost of 10 percent or one hundred thousand ($100,000), whichever is larger.

B. After bids have been received, if it is necessary to make substantial changes as defined in, Paragraph (1), (2), and (3) of Subsection A of 5.3.10.12 NMAC in either the plans or the budget, other than those changes made by alternates, the appropriate forms and plans should be resubmitted reflecting the proposed changes. The staff will then determine whether the project should proceed or be reconsidered by the capital outlay committee or the department.

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