§ 2-13-261. Ratification or termination after execution of contract.

Latest version.

If after the execution of a valid, written contract by all parties and necessary approval authorities, the chief procurement officer makes a determination that a solicitation or award of the contract was in violation of law and if the business awarded the contract did not act fraudulently or in bad faith:
(1)

The contract may be ratified, affirmed and revised to comply with law, provided that a determination is made that doing so is in the best interests of the city; or

(2)

The contract may be terminated, and the contractor shall be compensated for the actual expenses reasonably incurred under the contract plus a reasonable profit prior to termination.

(Ord. No. 1491 , § 3, 4-14-15)

State law reference

Ratification or termination after execution of contract, § 13-1-182 NMSA 1978.

                    
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