A Class A contractor bids on a project worth $2.5 million. What is the minimum surety bond amount required under Nevada law?
Correct Answer
C) $100,000
Class A contractors in Nevada are required to maintain a minimum surety bond of $100,000 regardless of individual project size, as part of their licensing requirements.
Why This Is the Correct Answer
Class A contractors in Nevada are required to maintain a minimum surety bond of $100,000 regardless of individual project size, as part of their licensing requirements.
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A homeowner files a complaint with the Nevada State Contractors Board against a licensed contractor. What is the first step in the NSCB complaint process?
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