New Mexico § 57-28-8 Final payment

New Mexico Statutes

§ 57-28-8 — Final payment

New Mexico § 57-28-8

Ch. 57Trade Practices and Regulations

Art. 28Retainage

This text of New Mexico § 57-28-8 (Final payment) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 57-28-8 (2026).

Text

Ten days after certification of completion, any amounts remaining due the contractor or subcontractor under the terms of the contract shall be paid upon the presentation of the following: A. a properly executed release and duly certified voucher for payment; B. a release, if required, of all claims and claims of lien against the owner arising under and by virtue of the contract other than such claims of the contractor, if any, as may be specifically excepted by the contractor or subcontractor from the operation of the release in stated amounts to be set forth in the release; and C. proof of completion.

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Ten days after certification of completion, any amounts remaining due the contractor or subcontractor under the terms of the contract shall be paid upon the presentation of the following: A. a properly executed release and duly certified voucher for payment; B. a release, if required, of all claims and claims of lien against the owner arising under and by virtue of the contract other than such claims of the contractor, if any, as may be specifically excepted by the contractor or subcontractor from the operation of the release in stated amounts to be set forth in the release; and C. proof of completion.