Commercial Contractor Package - New Mexico 2025

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  1. Click ‘Get Form’ to open the Commercial Contractor Package in our editor.
  2. Begin with the 'Commercial Construction Contract' section. Fill in details such as scope of work, payment terms, and responsibilities of all parties involved.
  3. Next, complete the 'Construction Project Information Sheet' by entering relevant project details including start date and key personnel.
  4. Use the 'Change Order Sheet' to document any amendments to the original contract. Ensure all changes are clearly stated.
  5. Fill out the 'Weekly Equipment Summary' to track equipment usage, maintenance, and ownership status throughout the project.
  6. Continue with forms like the 'Time and Material Log' and 'Bid Log', ensuring accurate records for billing and tracking bids.
  7. Finally, complete forms related to project completion such as the 'Certificate of Completion' and 'Final Project Punch List'.

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The cost to obtain a contractor license in New Mexico includes: Qualifying party application: $36. Exam fees: $68.88 for required Business and Law exam, $134.53 for GB-2 Residential exam, and $269.06 for the GB-98 General Building exam (which includes a portion for GB-2)
No person shall engage in business of a contractor unless the construction industries commission (division) has issued him a license which covers the type of work to be undertaken. Peck v. Ives, 1972-NMSC-053, 84 N.M. 62, 499 P. 2d 684.
It can take 710 business days to process a complete application for a New Mexico contractors license.
A New Mexico contractor license bond of $10,000 is required for licensing in the state, but contractors are not responsible for paying the full bond amount. The surety company providing the bond charges a small percentage of the bond total, which is typically between 1 and 10 percent of the bond.
New Mexico general contractor licensing fees The fees for a general contractor license are between $150 and $300. If you need a certificate to apply for a license, there are fees involved: Contractor License Certificate fee $6 (per certificate) Contractor Qualifying Party Application fee $30.
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How to Get a New Mexico Contractor License [2025 Guide] Pick Your New Mexico Contractor License Classification. Obtain a Qualifying Party (QP) Certificate. Register Your Business in the State. Get Your New Mexico Contractor License Bond. Apply For Your New Mexico Contractor License.
New Mexico Contractor Licenses New Mexico has two different types of licenses: GB-2 Residential Contractor and GB-98 Commercial Contractor. The GB-2 Residential Contractor license allows for residential work. The GB-98 Commercial Contractor allows for both residential and commercial work.

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