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

    Current labor supply satisfies 64% of peak labor demand.

    State offered $74,581,900 in grants and incentives for workforce preparation and development in 2020.

  • Career and Technical Education

    94% of CTE high school graduates are placed in colleges or careers.

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

  • Job Growth Rate

    3.6%.

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

3.8%.

Incidence Rate

2.0

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

7.8%

Marijuana Legalization Status

Legalized for medicinal use and decriminalized for personal use.

Business Facts

Minimum Wage

10.50

Percentage of Pensions Funded

62.5%

Effective Real-Estate Tax Rate

0.68%

Corporate Income Tax Rate(s)

5.90%

State and Local Public Construction Expenditures (in millions)

$1,602