Reference Source

New Mexico

For New Mexico, public project retainage cap (%) is 0%; private project retainage cap (%) is 0%; release deadline is not applicable; escrow required is no; milestone reduction is none, recorded from its source on 2026-08-15.

State
New Mexico verified
Public project retainage cap (%)
0%
Private project retainage cap (%)
0%
Release deadline
not applicable
Escrow required
no
Milestone reduction
none
Statutory citation
N.M. Stat.
Sourceconstructioncoverage.com
Verified
Review by
DatasetConstruction retainage limits by US state — maximum withholding percentages, release deadlines, escrow requirements, and public vs private distinctions with statutory citations

What the source says

New Mexico prohibits retainage for most publicly and privately funded projects

— constructioncoverage.com, retrieved 2026-08-15

Source

Last verified against source: . Due for re-check by . This page as Markdown · OKF bundle · full dataset as JSON.