N.M. Code R. § 1.4.3.7
D. "Principal place of business" means the place in which a business:
(1) earns the largest percentage of its revenues;
(2) owns the largest percentage of its capital assets; and
(3) employs the largest percentage of its full-time equivalent employees. A business can have only one principal place of business.
F. "New Mexico resident contractor" means a construction contractor which, at the time a public works construction contract is advertised for bids and at the time bids are opened, has all required licenses and meets the following requirements:
(1) if the contractor is a corporation, it shall be incorporated in new Mexico, and maintain its principal office and place of business in New Mexico.
(2) if the contractor is a partnership, general or limited, or other legal entity, it shall maintain its principal office and place of business in New Mexico.
(3) if the contractor is an individual, he shall maintain his principal office and place of business in New Mexico; or
(4) if the contractor is a public telecommunications company as defined by Section 63-9A-3 (M) NMSA 1978 or an affiliate of a telecommunications company and has paid unemployment compensation to the Employment Security Division of the Labor Department at the applicable experience rate for that employer pursuant to the New Mexico Unemployment Compensation Law on no fewer than ten employees who have performed services subject to contributions for the two-year period prior to issuance of notice to bid, the contractor will be considered to have fulfilled the requirements of paragraphs (1), (2), or (3) of this subSection. A successor to a previously qualified New Mexico contractor or resident contractor, where the creation of the successor resulted from a court order, is entitled to credit for qualifying contributions paid by the previously qualified new Mexico contractor or resident contractor.
[1.4.3.7 NMAC - Rp, 1 NMAC 5.4.7 NMAC, 11-15-01]