What is the maximum monetary limit for Class B general contractor licenses in Nevada?
Correct Answer
B) $1,000,000
Class B general contractors in Nevada are limited to projects not exceeding $1,000,000.
Why This Is the Correct Answer
Class B general contractors in Nevada are limited to projects not exceeding $1,000,000.
More nv-supplement Questions
Under NRS 624, what is the minimum net worth requirement for a Class A General Contractor license in Nevada?
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Previous Question
A Nevada contractor's employee is injured on the job, resulting in $75,000 in medical expenses and $45,000 in lost wages. The contractor failed to carry workers' compensation insurance. What is the potential penalty under Nevada law?
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A material supplier provides $28,000 worth of materials to a project. Under NRS 108, what is the deadline for filing a mechanic's lien if the project was completed on August 30th?