New Mexico

  • Project Labor Agreements

    No state policy. Some local government entities and public universities have implemented PLA mandates.

  • Prevailing Wage

    Yes, $60,000.

  • Right to Work

    No.

  • Public-Private Partnerships

    No statute authorizes or prohibits P3s on public construction projects.

  • Workforce Development Incentives

    None found that are not federally funded or do not expressly exclude the construction industry.

  • Career and Technical Education

    54% of CTE high school graduates are placed in colleges or careers.

    New Mexico recognizes NCCER as an approved curriculum for CTE programs.

  • 5-Year Average Job Growth Rate (2011-16)

    0.2%.

Monthly Unemployment Rate in New Mexico

Industry Overview

Prompt Pay

Private: Progress payments: 21 days after invoice, or 45 days for local public bodies who print notice on each page of the bid
plans. Final payment:10 days after certification of completion upon presentment of required documents.
Public: Progress payments: 21 days after invoice, or 45 days for local public bodies who print notice on each page of the bid
plans. Final payment:10 days after certification of completion upon presentment of required documents.
Subs: For both public and private, prime must pay sub and sub must pay lower tiers within 7 days of payment received.

Immigration/E-Verify Mandate

No law in place.

Percentage of State GDP From Nonresidential Construction

3.4%.

Incidence Rate in Construction (2013)

3.6.

Occupational Safety & Health Oversight (State vs. Federal)

State plan covers private workplaces and state and local government workplaces.

Percentage of Union Membership in Private Construction

3.8%.

Marijuana Legalization Status

Legalized for medicinal use.

Business Facts

Minimum Wage (2016)

7.5

Percentage of Pensions Funded

65%

Effective Real-Estate Tax Rate

0.97%

Corporate Income Tax Rate(s)

6.20%

Capital Spending % As Share of Total State Spending (2013)

5.0%