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New Mexico Construction Industry Financial & Legal Resources

Browse the largest library of New Mexico construction finance and legal resources anywhere. Stay on the cutting edge of the industry with daily news articles, helpful guides, and virtual seminars taught by industry experts.

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New Mexico Construction Legal Form FAQs

New Mexico’s unique laws can make getting paid a challenge. These FAQ pages are a great place to learn the basics and continue your journey to becoming a payment hero.

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New Mexico Contractor Reviews

New Mexico lien &
payment FAQ’s

Recent questions and answers about New Mexico payment

Builder has filed a mechanic's lien against our property due to holdback of retainage payment

We have a dispute with a builder (in Ruidoso, NM). The laminate flooring was installed incorrectly (according to two independent inspectors). Builder wants to get final "retainage" payment, calls the reports of incorrect installation "bullshit", but it is my understanding that the "retainage" is specifically for the...

Do I owe this?

I contracted with a General Contractor for a kitchen remodel. Finally work was completed and final payment to contractor was made on 8/25/22 check cleared the bank 8/29/22. A subcontractor filed a lien against my property on 11/14/22 for unpaid balance from contractor. Is this legal in...

Do I have to get worker’s compensation insurance?

I’m a self employed excavator septic tank leach field contractor. I have 2 licenses M3 and GS8. For 10 years never had an employee or issued W2 to anyone, never had workers comp insurance. Nor PSI is demanding it.

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