New Mexico Contractor Business and Law Examination — Information & Free Practice
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Exam Review
About New Mexico Contractor Business and Law Examination
New Mexico Contractor Business and Law Examination · US-NM
Key exam facts
- Provider
- New Mexico Regulation and Licensing Department, Construction Industries Division (CID), responsible state authority; PSI conducts the examination approval process and testing under contract with CID.
- Format
- Computer-delivered, question-based examination at PSI examination centers; open book with the listed references. The checked bulletin does not expressly label the item types or publish a type distribution.
- Exam questions
- Total questions: 50.
- Time limit
- 130 minutes of examination time. The introductory tutorial, up to 15 minutes, is additional and does not count toward examination time; arrive 30 minutes early for check-in.
- Passing score
- 75% (38 points), as stated in the Business and Law examination table.
- Exam fee
- USD $68.88 for the Business and Law exam. This is the examination fee, separate from application, licensing and trade examination fees; the fee is valid for one year from PSI receipt.
Topics covered
Licensing Requirements (16%)
Estimating and Bidding (10%)
Business Organization and Financial Management (16%)
Tax Laws (10%)
Labor Laws (8%)
Project Management and Lien Law (10%)
Contracts (16%)
Risk Management (8%)
Environmental and Safety (6%)
How to prepare
Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.
These independent practice questions are not actual exam items and do not guarantee a passing result.
Frequently asked questions
What is the exam format?
Computer-delivered, question-based examination at PSI examination centers; open book with the listed references. The checked bulletin does not expressly label the item types or publish a type distribution.
How many questions are on the exam?
Total questions: 50.
How long is the exam?
130 minutes of examination time. The introductory tutorial, up to 15 minutes, is additional and does not count toward examination time; arrive 30 minutes early for check-in.
What is the passing score?
75% (38 points), as stated in the Business and Law examination table.
How much does the exam cost?
USD $68.88 for the Business and Law exam. This is the examination fee, separate from application, licensing and trade examination fees; the fee is valid for one year from PSI receipt.
Official sources and references
- New Mexico Contractor Examinations Candidate Information Bulletin
printed p. 4, Business and Law Content Outline, Subject Area column
- New Mexico Contractor Examinations Candidate Information Bulletin
printed p. 4, Business and Law Content Outline, Items column
- New Mexico Contractor Examinations Candidate Information Bulletin
printed p. 4, Business and Law examination metrics table, passing column
- New Mexico Contractor Examinations Candidate Information Bulletin
printed p. 4, Business and Law reference list, open-book statement
- New Mexico Contractor Examinations Candidate Information Bulletin
printed p. 4, Business and Law examination metrics table, time column
- New Mexico Contractor Examinations Candidate Information Bulletin
printed p. 4, Test Question Screen
- New Mexico Contractor Examinations Candidate Information Bulletin
printed p. 2, Examination Fee table, Business and Law row title
- New Mexico Contractor Examinations Candidate Information Bulletin
printed p. 2, Examination Fee table, Business and Law row fee
Confirm current exam arrangements with the exam provider.