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New Mexico Contractor Business & Law Practice Test

Free practice for the New Mexico Contractor Business & Law Exam. Tap an answer to see if you are right, why, and which code section to look up.

Questions are checked against public sources. They are not yet reviewed by a licensed professional.

About the exam

Code edition: Federal law 2026 + general business practice (state law in general terms only)

Business & Law

50

questions (50 scored)

2 h 10 min

time

75%

to pass

Open book

Topic weights are provisional until the candidate bulletin is reviewed.

Free practice questions

Question 1

Which form of business gives the owner the least protection from the business's debts?

Question 2

What is a quantity takeoff?

Question 3

Which set lists the basic elements of an enforceable contract?

Question 4

What does a bar (Gantt) chart show?

Question 5

What is the basic accounting equation?

Question 6

What is the 2026 Social Security tax rate, and who pays it?

Question 7

What is the federal minimum wage under the FLSA?

Question 8

What does the OSH Act's general duty clause require of every employer?

Question 9

What does a commercial general liability (CGL) policy mainly cover for a contractor?

Question 10

What is a mechanic's (construction) lien?

Question 11

What is mediation?

Question 12

The EPA lead Renovation, Repair and Painting (RRP) rule applies mainly to work that disturbs paint in which buildings?

Question 13

In a general partnership, who is personally liable for the partnership's debts?

Question 14

Which of these is a direct job cost?

Question 15

What is consideration in a contract?

Question 16

In the critical path method (CPM), what is the critical path?

Question 17

Which statement shows revenue, expenses and net income for a period?

Question 18

What is the 2026 Social Security wage base?

Question 19

A state's minimum wage is higher than the federal minimum. Which rate must a covered employer pay?

Question 20

Under 29 CFR 1926.20, who must start and maintain the accident prevention program on a construction job?

Practice by topic

Business organization & licensing

Estimating & bidding

Questions: 33 · Often missed

Contracts & change orders

Questions: 39 · Often missed

Project management & scheduling

Questions: 29 · Often missed

Financial management

Questions: 46 · Often missed

Questions: 44 · Often missed

Labor & employment law

Questions: 38 · Often missed

Questions: 52 · Often missed

Insurance & bonds

Liens & payment

Risk management & disputes

Environmental basics

Exam rules

Real test: 50 questions, 2 h 10 min, 75% to pass.

Open book: bring the references your board allows (usually your state's edition of the NASCLA Contractor's Guide); check your candidate bulletin.

Questions cover federal law and general construction-business practice, the national core of the NASCLA-guide business & law exams. New Mexico law (licensing thresholds, lien deadlines, workers' compensation, state taxes) is covered only in general terms; study your state's edition of the guide for it.

New Mexico also accepts an approved business & law course in place of this exam.

Whether the real test is offered in Spanish is not confirmed.

Unofficial practice; not affiliated with the licensing board or the test vendor.

Frequently asked questions

How is the New Mexico Contractor Business & Law Exam structured?

It has Business & Law (50 questions, 2 h 10 min, 75%). You need to pass each part.

Is the exam open book?

Yes. You may bring the Federal law 2026 + general business practice (state law in general terms only) code book, so this practice cites the section to look up instead of quoting it.

Can I take the exam in Spanish?

Some exams are offered in Spanish; check your candidate bulletin. Every question here is available in Spanish too.

Are these the real exam questions?

No. SkillPermit Pro is an independent study tool. Questions are written in our own words; they are not taken from the exam and are not endorsed by any licensing agency or testing vendor.

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Not affiliated with any state agency, TDLR, PSI, NFPA, EPA or CSLB. NEC® and National Electrical Code® are registered trademarks of NFPA.

Practice questions are written in our own words and cite code sections by number. Always study from your own copy of the code and the official candidate bulletin.

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