# New Mexico — Construction retainage limits by US state — maximum withholding percentages, release deadlines, escrow requirements, and public vs private distinctions with statutory citations

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: appears in the quote below)_
- **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.

## What the source says

> New Mexico prohibits retainage for most publicly and privately funded projects

## Source

- https://constructioncoverage.com/glossary/retainage

Last verified: 2026-08-15. Review by: 2027-08-15.
Part of [Construction retainage limits by US state — maximum withholding percentages, release deadlines, escrow requirements, and public vs private distinctions with statutory citations](https://referencesource.org/construction-retainage-limits-by-state/).