New Mexico Contractor License Bond ($10,000 CID)

What Does the $10,000 New Mexico Contractor License Bond Cover?

It pays only to cure building code violations that CID certifies and you failed to correct. It isn’t a general consumer or fraud bond.

• Purpose — Code-compliance bond under 14.6.3.8(C) NMAC; claims must be made within 2 years of final inspection or certificate of occupancy, whichever comes first.
• Who Needs It — Every business applying for or renewing a CID license in a GA, GB, GF, GS, electrical or mechanical classification.
• Regulating Body — Construction Industries Division, New Mexico Regulation and Licensing Department (CID).
• Required Amount — $10,000 flat from a corporate surety, whatever the classification.
• Premium Rates — Start at $100 per year — typically 1%–3% of the bond amount with strong credit.
• Disclaimer — Requirements, timelines, and bond costs listed on this page are accurate as of October 19, 2026, but are subject to change by the New Mexico licensing authority or surety underwriters — for current rates and requirements, call 844-806-2663.

What Are the CID New Mexico Contractor License Bond Requirements for the 3-Year Term?

CID requires one $10,000 corporate surety bond that stays in force for the full 3-year license term. The amount never changes by classification. Filing runs through PSI Services, CID’s vendor. And the lapse rules are strict.

• Regulator — The Construction Industries Division, New Mexico Regulation and Licensing Department (CID) licenses general building, engineering, specialty, electrical and mechanical contractors.
• Bond amount — Flat $10,000 for every classification under 14.6.3.8(C) NMAC and NMSA 60-13-49.
• Renewal — The license runs 3 years from issuance, and a continuation certificate keeps the bond current. The surety must give CID 30 days’ written notice before canceling; if no new bond is filed, CID cancels your license.
• Filing — Original Contractor License Code Bond form (effective September 1, 2022), filed with PSI Services alongside your application or renewal; see PSI’s CID contractor information.
• Unique rule — It’s a code bond: claims must be made within 2 years of final inspection or certificate of occupancy, whichever is earlier.

Do GB, GS, Electrical and Mechanical Licenses Need a New Mexico Contractor License Bond?

Yes, every GA, GB, GF, GS, electrical and mechanical license needs the $10,000 bond.

• General building: GB-2 residential and GB-98 general building
• General engineering (GA) and fixed works (GF)
• General specialty (GS): roofing, framing, excavating, pools and other trades
• Electrical: EE-98, ER-1, EL-1 and ES
• Mechanical and plumbing: MM and MS
• Manufactured housing installers and repairmen: a separate Manufactured Housing Division bond, $10,000 minimum
• Albuquerque and Santa Fe: city street-work bonds on top of the state license

Handymen under the 14.6.2.8 NMAC exemption, up to $7,200 a year, file an annual declaration with CID instead of a bond. The bond is usually filed by the licensed contractor, not the journeyman. We’ll confirm it for you.

Bidding on public work too? Our performance and payment bonds page covers those contract bonds. You can also compare contractor license bonds in other states or start at Surety Bonds Agent.