New Mexico Contractor Bond | AmeriPro Surety Bonds | 844-589-9732
New Mexico Contractor: Jurisdiction
New Mexico contractors are regulated by the New Mexico Regulation and Licensing Department.
Depending on where an applicant resides or conducts business, the Department may be reached at any of the following locations:
CID – Santa Fe
2550 Cerrillos Road – 3rd Floor
Santa Fe, New Mexico 87505
CID – Albuquerque
5500 San Antonio Dr. Suite F
Albuquerque, New Mexico 87109
CID – Las Cruces
505 South Main Street, Suite 103
Loretto Town Center
Las Cruces, New Mexico 88001
How to get your Contractor license in New Mexico
Applicants for a New Mexico contractor license will need to:
- take the pre-licensing course;
- pass a qualifying examination;
- once the exam has been passed, submit an application along along with all other requirements
- obtain a New Mexico contractor bond for $10,000.
New Mexico Contractor Bond: What is it?
The New Mexico contractor bond is a financial guarantee that contractors in the state will abide by all rules and procedures in their related duties.
The bond protects others from acts of negligence, malfeasance, and fraud should a contractor fail to perform work as mandated by both federal and state law.
The bond is therefore not a type liability insurance policy for the contractor.
Duration of the New Mexico Contractor Bond
The $10,000 New Mexico contractor bond is issued for a period of one year.
The bond must be renewed annually in order to keep the contractor license in good standing.
The bond should be purchased to have an expiration date concurrent with the contractor license.
Cost of the New Mexico Contractor Bond
Though the surety bond has a face value of $10,000, applicants for the bond will pay nowhere near that amount.
The bond can be purchased for as little as $100!
Your bond premium amount will be determined by a credit check; however, we add that AmeriPro Surety Bonds will always work to provide the best pricing.
Buy Your New Mexico Contractor Bond: It’s Easy
Purchasing a New Mexico contractor bond is both easy and quick.
Once you call us at AmeriPro Surety Bonds, we will take the surety application from you over the phone.
Once the premium price is determined, in most cases the bond can be issued to you immediately, and mailed to you the same day.
We can also provide an e-mail copy of your bond to you!
AmeriPro Surety Bonds
AmeriPro Surety Bonds is a surety bonds-only company which provides license and permit, fiduciary and court bonds throughout New Mexico.
Our surety bond company understands that you have choices when it comes to the agency whom you select.
We appreciate you giving us your consideration and will work to provide the best and quickest surety bond service possible.