Total Bid Amount
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 sum of all the Bid Item Prices on the Bid Form. The Total Bid Amount represents the total cost of performing all the Work des cribed in the Contract based upon estimated quantities.
Section 101 — Abbreviations, Symbols, T erms, and Definitions →