New Mexico prompt payment
Prompt Payment in New Mexico — Sources checked
Who and what this applies to
Prompt Payment Act covered construction, excluding NMDOT and residential property with four or fewer dwellings.
Thresholds and scope
Owner payment generally 21 days; downstream seven days after receipt.
The rules
- Owners pay undisputed requests within 21 days of receipt; identify invoice defects within seven days. A grant-funded local body may use 45 days only with conspicuous contract terms and required legends on each plan page. Source
- All tiers pay subcontractors/suppliers amounts owed within seven days after corresponding receipt. Statutory late-payment interest is 1.5% monthly or fraction on undisputed amounts. Source
Primary sources
Sources reviewed 2026-09-30. This guide covers the projects and rules stated above.
Not legal advice. This is general legal information. Laws and project facts differ; confirm the applicable requirements for your project.
Back to New Mexico contractor law · Prompt Payment topic guide.
Related tools and support
Visit GC Experts for contractor business support. FedTrakker currently leads to the GC Experts site. For project-specific legal advice, find counsel.