13-1-71. Definition; price agreement.
60 words·~1 min read·
/nm/chapter-13-public-purchases-and-property/article-1-procurement/13-1-71·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
"Price agreement" means a definite quantity contract or indefinite quantity contract which requires the contractor to furnish items of tangible personal property, services or construction to a state agency or a local public body which issues a purchase order, if the purchase order is within the quantity limitations of the contract, if any.
History: Laws 1984, ch. 65, § 44.