Lump Sum
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
The price bid by a Contractor as a single amount for a comple te Contract Item as defined by the specifications, or price proposed by a Contracto r as a single amount for the performance of Extra Work.
Section 101 — Abbreviations, Symbols, T erms, and Definitions →