The following procedures will apply to the posting, review and application of the prequalification factor:
- A. The Pqfra will be calculated once a year on prequalification projects closed between March first of the previous year and the last calendar day in February of the current year.
- B. The Pqfra will be posted on the department’s website, in the office of inspector general document titled prequalified contractors and subcontractors list, by the second Friday in March.
- C. The Pqfra will be applied to a prime contractor’s bid(s) for prequalification projects in accordance with the invitation for bids beginning with the May bid opening until superseded by an updated Pqfra
- D. The Pqfra may be used to determine the modified bid amount.
- E. A Pqfra may be re-calculated and reposted at times other than the second Friday in March in order to implement the decision of a hearing officer, a court order or a required correction.
[18.27.5.12 NMAC - Rp, 18.27.5.12 NMAC, 6/8/2021]