Bid Item on the Bid Schedule
Defined in the New MexicoDOT standard specifications. This is the agency’s own text, with the section it comes from.
Definitions are quoted from state-authored public specification books. This page carries no I-Code-derived terms.
New Mexico · NMDOT
A Bid Item Unit Price reflects a Bidder ’s actual and direct costs for the item plus a reasonable proportionate share of the Bidder's anticipated profit, overhead cost s, and other indirect costs.
Section 101 — Abbreviations, Symbols, T erms, and Definitions →