A New Mexico Subcontractor Agreement is a document that outlines the relationship between a contractor and a subcontractor within the context of a specific project.
It includes the scope of work, such as masonry work, painting, electrical work, plumbing, or related trade.
Additionally, the subcontractor agreement notes the project due date, how much and when the contractor will pay the subcontractor and requirements like insurance and transportation. This document outlines all responsibilities and details of the job to protect both parties.
Remember that a subcontractor contributes to the overall completion of the larger project. He or she is a contractor who enters into a contractual relationship with another contractor, not the property owner.
The general contractor with a contractual relationship with the owner is the “prime contractor.” A subcontractor may be necessary when the prime contractor lacks the equipment, skills, or other resources required to complete the job.