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    • Business Law

    New Mexico Business Law and Project Management

    This course covers the required New Mexico Contractor Business and Law exam. It is a requirement for Contracting as well as various other NM State Licenses. It includes: prep course, reference book, printed book tabs, audio cd, and a printed study guide.

     

    The New Mexico Business Law exam is required for all contractor licenses in New Mexico. It is a separate test based on the book NASCLA Contractor's Guide to Business Law and Project Management.

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    State Requirements & Application

    * Any one engaged in construction-related contracting in New Mexico must be licensed.

    * The New Mexico Business and Law exam is required to be passed to obtain your contractor's license in New Mexico along with your trades exam.

    * Pre-Approval is required to sit for the exam. Approval takes 7 business days on average.

    Board Contact Information:

    New Mexico Regulation & Licensing Department
    Construction Industries Division
    Toney Anaya Building
    2550 Cerrillos Rd.
    Sante Fe, NM 87113

    Phone:505.476.4770
    Website: http://www.rld.state.nm.us/construction/default.aspx

    To obtain a license application and other forms for New Mexico, go to https://public.psiexams.com/index_login.jsp

    Test Information

    Test Information: This New Mexico contractor's exam covers information in the 9 subject areas below. The questions are created from content in the NASCLA Business Law and Project Management book shown below the following chart.
    Candidate Information Bulletin: Click here to download the bulletin.

    Exam Information
    Exam Fee $68.88
    Number of Questions 50
    Passing Score 75% or 38 Questions
    Time Limit 130 Minutes

    Subject Area Number of Questions
    Licensing Requirements 8
    Estimating and Bidding 5
    Business Organization and Financial Management 8
    Tax Laws 5
    Labor Laws 4
    Project Management and Lien Law 4
    Contracts 8
    Risk Management 4
    Environmental and Safety 6


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