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.
Contractor License Bond
Bond Amount: $10,000
Required by: New Mexico Regulation and Licensing Department
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San Diego, CA
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Santa Clara, CA
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I was dreading the red-tape of obtaining a contractor bond. SuretyNow made it super easy.
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Love how streamlined the process of getting a bond was. Beautiful website that was easy to use.
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.