As used in the Prompt Payment Act: A. 'construction' means building, altering, repairing, installing or demolishing in the ordinary course of business any: (1) road, highway, bridge, parking area or related project; (2) building, stadium or other structure; (3) airport, subway or similar facility; (4) park, trail, athletic field, golf course or similar facility; (5) dam, reservoir, canal, ditch or similar facility; (6) sewage or water treatment facility, power generating plant, pump station, natural gas compression station or similar facility; (7) sewage, water, gas or other pipeline; (8) transmission line; (9) radio, television or other tower; (10) water, oil or other storage tank; (11) shaft, tunnel or other mining appurtenance; (12) electrical wiring, plumbing or plumbing fixture, gas piping, gas appliances or water conditions; (13) air conditioning conduit, heating or other similar mechanical work; (14) leveling or clearing land; (15) excavating earth; (16) drilling wells of any type, including seismographic shot holes or core drilling; and (17) similar work, structures or installations; B. rk; (14) leveling or clearing land; (15) excavating earth; (16) drilling wells of any type, including seismographic shot holes or core drilling; and (17) similar work, structures or installations; B. 'contractor' means a person performing construction through a contract with an owner; C. 'owner' means a person, local public body or state agency other than the department of transportation; D. 'person' means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture or similar legal entity; and E. 'subcontractor' means a person performing construction for the owner not through a contract with the owner. History: Laws 2001, ch. 68, § 2; 2007, ch. 213, § 2. ANNOTATIONSThe 2007 amendment, effective June 15, 2007, changed the title of the act and eliminates the definition of 'retainage'.
New Mexico Legal Code