Completion Report Of Building Construction In Nevada
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Contracting Without A License Is A Crime. NRS 624.700 – It is unlawful for any person or combination of persons to engage in the business or act in the capacity of a contractor within this state or submit a bid on a job situated within this state without having an active license.
While Nevada allows project owners to file a notice of completion, the state does not require them. It is 100 percent a voluntary document. But, take a closer look at this tool: It allows a project owner to limit their lien liability, so it would make sense that most project owners would want to file one.
When two or more parties agree to do or not to do something, these parties enter a legally binding contract in Nevada. The obligations under the contract are enforceable by mutual understanding—until a dispute arises. Then, the parties go to court, where the Nevada judiciary adjudicates the case.
The Notice of Non-Responsibility requires the tenant to post a bond for one and a half times the amount of their contract to build the space. The bond itself guarantees that if a lien is filed against the space related to the work, it's not the landlord's responsibility to bond it — it is the tenant's.
All businesses or individuals who construct or alter any building, highway, road, parking facility, railroad, excavation, or other structure in Nevada must be licensed by the Nevada State Contractors Board. Contractors, including subcontractors and specialty contractors must be licensed before submitting bids.
