A Nevada subcontractor completes $18,500 worth of electrical work on a residential project. The general contractor fails to pay within 45 days. What is the maximum lien amount the subcontractor can claim under Nevada lien law?
Correct Answer
C) $20,350
Under NRS 108, the subcontractor can claim the contract amount plus 10% penalty for late payment: $18,500 × 1.10 = $20,350.
Why This Is the Correct Answer
Under NRS 108, the subcontractor can claim the contract amount plus 10% penalty for late payment: $18,500 × 1.10 = $20,350.
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