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NRS 333.360 - Performance bonds; Administrator of Purchasing Division may require check or bond before entering into contract.

NV Rev Stat § 333.360 (2019) (N/A)
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1. A bond furnished by a surety company authorized to do business in this state may be required by the Administrator for the proper performance of the contract. The Administrator may request a certified check, cashier’s check or bond, in an amount not to exceed the total amount of the contract, before entering into a contract with a person who submits a successful bid or proposal.

2. No division or department of the State is liable for any expense incurred by or loss of income sustained by any person because of a request made pursuant to subsection 1.

[25:333:1951] — (NRS A 1963, 1058; 1991, 623)

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NRS 333.355 - Administrator of Purchasing Division may request check or bond to accompany bid or proposal.
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