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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.

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


To obtain a license application and other forms for New Mexico, go to

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


Permitted Work