New Mexico Contractor Bond Requirements

In New Mexico, Contractors that do more than $7,200 of construction in a year are required to be licensed and bonded. The bond requirement is outlined in New Mexico Statute 60-13-12 and needs to be filed with the New Mexico Regulation and Licensing Department, Construction Industries Division (CID). The bond amount required is $10,000.

Sample Payment and Performance Bond Form
Contractor License Bond

Bond Amount: $10,000

Required by: New Mexico Regulation and Licensing Department

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1 Year Bond Starts at
1 Year Bond Price
of bond amount, based on credit check
based on your credit history
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How much does it cost?

The New Mexico contractor license bond starts at $100 for a 1 year bond. Based on your credit history, prices for the bond can range from $100-$700. We work with over 10 surety carriers to get you the best prices.

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