Pay Adjustment
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
An adjustment to a payment for a specific portion of the Work based on the quality of the Work performed by the Contractor and Accepted by the Department. Other Department documents may refer to this term as disincentives, incentives, pay reductions, price adjustment s, or price reductions.
Section 101 — Abbreviations, Symbols, T erms, and Definitions →