The bill amends the Procurement Code in New Mexico to enhance the efficiency of public works projects by increasing monetary thresholds for various procurement categories. Specifically, it raises the threshold for projects requiring professional services from $50,000 to $100,000 and modifies the small purchase threshold from $60,000 to $100,000. Additionally, it allows state agencies to procure items valued up to $60,000 through direct purchase orders, up from $20,000. The bill also introduces new definitions, such as "public-private partnership agreement" and "best obtainable price," and mandates that state agencies and local public bodies provide up to two names for chief procurement officers.

Further changes include establishing a certification program for chief procurement officers, increasing exemption maximum amounts for certain purchases, and allowing exemptions for contracts related to information technology and real property appraisals. The bill modifies the requirements for invitations for bids, allowing for a shorter publication period and fewer newspapers for notices, and increases the maximum terms for professional services contracts to eight years. It also sets new requirements for sole source contracts, including a fifteen-day notice period before awarding such contracts, and raises the threshold for submitting cost or pricing data from $25,000 to $60,000. The provisions of this act 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