Sen Lin, PrepPass Founder · Verified against New Mexico Construction Industries Division (RLD) · How we review

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New Mexico Contractor License Exam Cram Sheet (2026)

The highest-yield points on the New Mexico Contractor Licenseexam, grouped by the exam's real content areas. Print it, review the ones you keep missing, then drill them with free practice questions.

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50questions
130 mintime limit
38 of 50 (75%)to pass
11content areas

Business Organization & Licensing

10% of the exam
Study →
  • Sole Proprietorship and Partnership
  • Corporation and LLC — Limited Liability
  • Licensing and Operating Principles

Estimating & Bidding

14% of the exam
Study →
  • Building an Estimate: Direct and Indirect Costs
  • Markup vs. Margin — Don't Confuse Them
  • Quantity Math and Unit Conversions
  • Types of Bids and Contracts

Contracts & Contract Law

14% of the exam
Study →
  • Elements of a Valid Contract
  • Key Clauses: Scope, Price, Schedule, and Damages
  • Changes: Change Orders
  • Breach, Remedies, and Payment Security

Project Management & Scheduling

12% of the exam
Study →
  • The Critical Path Method (CPM)
  • Float, Slack, and Resource Leveling
  • Gantt Charts and Progress Tracking
  • Coordination Documents: Submittals and RFIs

Financial Management & Accounting

12% of the exam
Study →
  • Financial Statements and Key Ratios
  • Cash Flow and Retainage
  • Cash vs. Accrual and Revenue Recognition
  • Job Costing and Overhead Recovery

Safety & OSHA

14% of the exam
Study →
  • The Employer's Duty and OSHA Basics
  • The Hierarchy of Controls
  • Fall Protection — the 6-Foot Rule
  • Excavations, PPE, and Hazard Communication

Employment & Labor Law

12% of the exam
Study →
  • Employee vs. Independent Contractor
  • Wage and Hour Law (FLSA)
  • Workers' Compensation
  • Hiring Paperwork and Anti-Discrimination

Building Codes & Permits

12% of the exam
Study →
  • Purpose and Source of Building Codes
  • Permits and the Inspection Process
  • Certificate of Occupancy
  • Codes vs. Zoning

New Mexico Contractor Licensing & Classifications

40% of the exam
Study →
  • The Construction Industries Division and the Construction Industries Licensing Act
  • The Qualifying Party and the GB-98 / GB-2 classifications
  • Open-book exams and why NASCLA is not accepted

New Mexico Contracting Law, Unlicensed Practice & Liens

35% of the exam
Study →
  • You must be licensed to contract, and unlicensed work cannot be sued on
  • New Mexico's mechanics' and materialmen's lien deadlines (NMSA §48-2-6)
  • Gross Receipts Tax instead of a sales tax

New Mexico Bond, Insurance & Exam Logistics

25% of the exam
Study →
  • The $10,000 license bond
  • Workers' compensation
  • The open-book Business and Law exam

Now prove you know them

Reading the outline is not the same as recalling it under exam pressure. Drill 102+ free New Mexico Contractor License practice questions to find your weak areas, then sit a full timed mock — no signup, no paywall.

Free practice questions →Timed mock exam →

Study aid, not a substitute for the official material — always confirm the current rule with New Mexico Construction Industries Division (RLD). Last verified: August 2026.

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