New Mexico Contractor Bonds
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What Is a New Mexico Contractor License Bond?
A New Mexico contractors license bond protects the state and the public from fraudulent, illegal or unsafe practices by contractors. These surety bonds guarantee that a bonded contractor will follow all state and local laws and regulations.
How Much Do New Mexico Contractor Bonds Cost?
The $10,000 New Mexico contractor license bond costs $250 per year for all applicants. All other New Mexico contract bonds are just $100 annually. Click Buy Now below to get your bond instantly.
If you need a surety bond for a license requirement not listed, call 1 (800) 308-4358. Or, if you work outside of New Mexico, we also offer contractor license bonds nationwide.
Who Needs a New Mexico Contractor Bond?
Various government agencies in New Mexico require contractor license bonds:
- The New Mexico Construction Industries Division (CID) requires a $10,000 New Mexico contractor license bond for state contractor licensing.
- The New Mexico Regulation and Licensing Department also requires manufactured home contractors to file a $10,000 contractor consumer protection bond to become licensed with the Manufactured Housing Division.
- The New Mexico Office of the State Engineer requires well drillers and drill rig supervisors to file a $5,000 bond.
If you work in Albuquerque, you’ll need an additional construction bond for the following contractor classifications:
- Excavation
- Sidewalk, drive-pad, curb and gutter
- Water tapper
Other Construction Bonds in New Mexico
You may also need a bid bond, payment bond or another type of contract bond for certain construction projects in New Mexico. These protect the public and project owners from contractors who default or fail to uphold their contracts in any way.
How to Get a New Mexico Contractor Bond
With SuretyBonds.com, you can get a New Mexico contractor license bond instantly online. Just select the bond you need and enter your information. You’ll receive your official bond via email in minutes.
How Fast Can I Get My Bond?
With SuretyBonds.com, you can purchase most New Mexico contractor license bonds online 24/7 with instant digital delivery. If your obligee requires the original bond form with wet signatures, we offer an overnight shipping option.
How Do New Mexico Contract Bonds Work?
New Mexico contractor bonds protect consumers who could be harmed by defective construction or other license noncompliance as well as any unpaid employees, subcontractors or suppliers.
If you break the bond terms, the surety company will pay valid claims to harmed parties up to the full bond amount, which you must then reimburse in full. Additionally, if you fail to maintain your New Mexico contractor license bond, your license can be revoked.
How to Get a Contractor License in New Mexico
To apply for your state license with the New Mexico Construction Industries Division, you'll need to complete your contractor license application packet and provide all required documents. You can find additional licensing information for other New Mexico contractor license types below.
More Resources
- Albuquerque: Department Listings
- New Mexico Contractor Industries Division: Contractor License Code Bond
- New Mexico Contractor Licensing: Frequently Asked Licensing Questions
- MHD Crossover Application Form
- MHD Manufactured House Installer Licensing
- How to Become a Well Driller in New Mexico
- New Mexico: E-Services for Contractor Licensing
- Understanding the Construction Bonding Process
- How to Become a Licensed, Bonded Contractor
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
