Where a New Mexico general contractor license transfers

New Mexico's unlimited building tier is the GB-98 General Building classification issued by the Construction Industries Division: erect, alter, repair or demolish residential and commercial buildings and certain structures, including everything the GB-2 residential classification and the GF-5, GF-7 and GS specialty classifications cover, plus seal coating and striping of driveways and parking lots. There is no dollar cap on a GB-98 license, but it is a building classification rather than a universal one, so it excludes structures covered by the electrical (EE), mechanical and plumbing (MM), asphalt and concrete (GA) and fixed works (GF) classifications; the separate GA classifications run from GA-1, streets, roads and highways, through GA-98, and a GB-98 contractor may not prime a project whose major portion by dollar value falls in a GA classification or in most GF classifications. The license belongs to a business that employs or is owned by a Qualifying Party, and that individual is the one who documents the experience, passes the exams and holds a personal certificate of qualification. A GB-98 Qualifying Party needs four years (8,000 hours) of foreman-level experience within the last ten years, of which at least two years must be commercial, and must pass the two-part GB-98 exam and the Contractor's Business and Law exam or an approved course in its place. The entity files a $10,000 code bond and carries workers' compensation, and the license runs three years.