Nevada Account Stated for Construction Work
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How to fill out Account Stated For Construction Work?
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FAQ
Contracting without a valid state contractor's license is a crime in Nevada.
Workmanship, Materials and Mechanical Systems are covered for 1 year. Structural Coverage on Designated Structural Elements is provided for 10 years.
Except as otherwise provided in subsection 6, the amount of each bond or cash deposit required by this section must be fixed by the Board with reference to the contractor's financial and professional responsibility and the magnitude of the contractor's operations, but must be not less than $1,000 or more than $500,000.
There are two main implied warranties that contractors need to be aware of: workmanship and habitability. The workmanship warranty says that the work will be built in a good or workmanlike manner, free of major defects. This type of warranty applies to both labor and materials.
NRS 624.700 Engaging in business or submitting bid without license unlawful; prosecution; damages; bid submitted in violation of section void.
?Contractor warrants to Owner that all construction and related services provided hereunder shall be performed in a good and workmanlike manner, by workers who are appropriately trained and experienced in the work being performed, and in ance with all requirements of the contract documents, industry standards for ...
The Contractor warrants to the Agency that materials and equipment furnished under the Contract will be of good quality and new unless otherwise required or permitted by the Contract Documents, that the Work will be free from faults and defects not inherent in the quality required or permitted, that the materials, ...
Workmanship, Materials and Mechanical Systems are covered for 1 year. Structural Coverage on Designated Structural Elements is provided for 10 years.