The bill amends the Procurement Code in New Mexico to enhance the efficiency of public works projects by increasing various monetary thresholds. It raises the minimum amount for projects requiring professional services from $50,000 to $100,000 and increases the threshold for central purchasing offices to send notices for bids from $20,000 to $100,000. Additionally, the small purchase threshold is raised from $60,000 to $100,000, and the threshold for when cost or pricing data must be submitted is increased from $25,000 to $60,000. The bill also introduces new definitions, such as "public-private partnership agreement" and "best obtainable price," and mandates that state agencies provide up to two names for chief procurement officers.

Moreover, the legislation modifies procurement processes by allowing central purchasing offices to distribute bid documents electronically and adjusting the requirements for sole source contracts to include a 15-day notice before awarding. It also extends the maximum duration for multi-term contracts for professional services from four to eight years, with specific exceptions for certain services. The bill allows the Early Childhood Education and Care Department to contract for child care services and exempts contracts for digitizing state or federal records, appraisals, and surveys for purchasing real property. These provisions are set to take effect on July 1, 2025.

Statutes affected:
introduced version: 13-1-66.1, 13-1-95.2, 13-1-99, 13-1-104, 13-1-106, 13-1-118, 13-1-122, 13-1-125, 13-1-126.1, 13-1-138, 13-1-150