New Mexico Statutes 13-1-47. Definition; cost reimbursement contract
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“Cost reimbursement contract” means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.
Terms Used In New Mexico Statutes 13-1-47
- Contract: A legal written agreement that becomes binding when signed.