No more than six and one-half percent of the cost of a capital project shall be used for contingencies. For the purposes of this section, "contingencies" means unforeseeable elements of cost within the defined scope of the capital project.
History: 1978 Comp., § 15-3-23.2, enacted by Laws 1984 (1st S.S.), ch. 10, § 10; recompiled and amended as 1978 Comp., § 15-3B-11 by Laws 2001, ch. 319, § 11.
The 2001 amendment, effective July 1, 2001, recompiled former 15-3-23.2 NMSA 1978 as this section; and deleted "and cost engineering fees" from the end of the section.
Structure New Mexico Statutes
Chapter 15 - Administration of Government
Section 15-3B-1 - Short title.
Section 15-3B-2 - Definitions.
Section 15-3B-3 - Facilities management division; creation; director.
Section 15-3B-4 - Division; duties; federal funds.
Section 15-3B-5 - Position of staff architect created; duties and responsibilities.
Section 15-3B-6 - Building and remodeling.
Section 15-3B-7 - Lease of land or buildings for private use.
Section 15-3B-7.1 - State buildings; use in motion pictures.
Section 15-3B-8 - Acquisition of land.
Section 15-3B-9 - Lease of New Mexico finance authority property; maintenance and repair.
Section 15-3B-10 - Capital projects; administrative fees.
Section 15-3B-11 - Capital projects; contingency limitation.
Section 15-3B-12 - Feasibility study of energy sources.
Section 15-3B-13 - Parking facilities required for state buildings; standards.
Section 15-3B-14 - Concessions.
Section 15-3B-15 - Maintenance charges; credited to agency operating budget.
Section 15-3B-16 - Capital program; fund created; allocation and expenditure for capital outlay.
Section 15-3B-17 - Capitol buildings repair fund; creation; expenditures.
Section 15-3B-18 - Public buildings repair fund; created; expenditures.
Section 15-3B-19 - Building use fees; transfers to fund.
Section 15-3B-20 - Property control reserve fund; created; purpose.
Section 15-3B-21 - Health and human services office building.
Section 15-3B-22 - Public facilities; naming; prohibition; exceptions.