N.M. Admin. Code § 18.27.5.12 - POSTING, REVIEW AND APPLICATION OF PREQUALIFICATION FACTOR

The following procedures will apply to the posting, review and application of the prequalification factor:

A. The Pqfra will be calculated once a year on prequalification projects closed between March first of the previous year and the last calendar day in February of the current year.

B. The Pqfra will be posted on the department's website, in the office of inspector general document titled prequalified contractors and subcontractors list, by the second Friday in March.

C. The Pqfra will be applied to a prime contractor's bid(s) for prequalification projects in accordance with the invitation for bids beginning with the May bid opening until superseded by an updated Pqfra

D. The Pqfra may be used to determine the modified bid amount.

E. A Pqfra may be re-calculated and reposted at times other than the second Friday in March in order to implement the decision of a hearing officer, a court order or a required correction.

Notes

N.M. Admin. Code § 18.27.5.12

18.27.5.12 NMAC - Rp 18 NMAC 27.5.12, 01-01-01, Adopted by New Mexico Register, Volume XXV, Issue 24, December 30, 2014, eff. 1/1/2015, Amended by New Mexico Register, Volume XXIX, Issue 16, August 28, 2018, eff. 1/1/2019, Adopted by New Mexico Register, Volume XXXII, Issue 11, June 8, 2021, eff. 6/8/2021