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. History: Laws 2005, ch. 99, § 1; 2007, ch. 265, § 1.
Bonding of subcontractors
NMSA 1978, § 13-1-148.1 — under Article 1.
NMSA 1978, § 13-1-148.1