New Mexico § 67-3-48 Partial payments on road contracts; progress estimates;

New Mexico Statutes

§ 67-3-48 — Partial payments on road contracts; progress estimates;

New Mexico § 67-3-48

Ch. 67Highways

Art. 3State Transportation Commission

This text of New Mexico § 67-3-48 (Partial payments on road contracts; progress estimates;) 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. § 67-3-48 (2026).

Text

limitation; division of amounts. Partial payments may be made on any contract for highway improvement under the provisions of this act, as the work progresses. Progress estimates shall be based on materials in place and labor expended thereon, but no more than ninety-five percent of the contract price of the work shall be paid in advance of the full completion of such contract and its acceptance by the state highway engineer. The state and county shall each pay its proportionate share of such partial payments on the certification of the amount thereof by the state highway engineer.

Free access — add to your briefcase to read the full text and ask questions with AI

limitation; division of amounts. Partial payments may be made on any contract for highway improvement under the provisions of this act, as the work progresses. Progress estimates shall be based on materials in place and labor expended thereon, but no more than ninety-five percent of the contract price of the work shall be paid in advance of the full completion of such contract and its acceptance by the state highway engineer. The state and county shall each pay its proportionate share of such partial payments on the certification of the amount thereof by the state highway engineer.