LegalFix
Sign In

NRS 338.570 - Contractor to provide notice concerning progress payments and retainage payments to certain subcontractors and suppliers.

NV Rev Stat § 338.570 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Within 5 working days after a contractor receives a written request from a subcontractor or supplier of his or her subcontractor or supplier with respect to a subcontract which has not been fully performed, the contractor shall notify the subcontractor or supplier of his or her subcontractor or supplier in writing of the following:

1. The date the contractor made a specified progress payment or retainage payment to his or her subcontractor or supplier;

2. Whether the contractor has paid the entire amount of a specified progress payment or retainage payment to his or her subcontractor or supplier; and

3. The amount withheld by the contractor from a specified progress payment or retainage payment to his or her subcontractor or supplier, if any.

(Added to NRS by 1999, 1987)

Previous Section
NRS 338.565 - Payment of interest on amounts withheld improperly.
Next Section
NRS 338.590 - Time for making payments; amounts paid.