New Mexico Statutes 13-1-148.1. Bonding of subcontractors
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A subcontractor shall provide a performance and payment bond on a public works building project if the subcontractor’s contract for work to be performed on a project is one hundred twenty-five thousand dollars ($125,000) or more.
Terms Used In New Mexico Statutes 13-1-148.1
- Contract: A legal written agreement that becomes binding when signed.