NRS 338.595 – Amounts withheld as retainage; payment of interest.
1. If a subcontractor and another subcontractor or supplier enter into a subcontract for a public work, the subcontractor may withhold as retainage not more than 5 percent from the amount of any progress payment due under a subcontract which is made before 50 percent of the work has been completed under the subcontract. 2. […]
NRS 338.600 – Withholding amounts for failure of subcontractor or supplier to comply with subcontract or applicable building code, law or regulation; payment of amounts withheld upon correction of condition.
1. Except as otherwise provided in NRS 338.595, a subcontractor may withhold from a progress payment or retainage payment an amount sufficient to pay the expenses the subcontractor reasonably expects to incur as a result of the failure of his or her subcontractor or supplier to comply with the subcontract or applicable building code, law […]
NRS 338.605 – Payment of interest on amounts withheld improperly.
1. If a subcontractor makes payment to his or her subcontractor or supplier more than 10 days after the occurrence of any of the following acts or omissions: (a) The subcontractor fails to pay his or her subcontractor or supplier in accordance with the provisions of subsection 1 of NRS 338.590; (b) The subcontractor fails […]
NRS 338.610 – Subcontractor to provide notice concerning progress payments and retainage payments to certain subcontractors and suppliers.
Within 5 working days after a subcontractor 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, he or she shall notify the subcontractor or supplier of his or her subcontractor or supplier in writing of the following: […]
NRS 338.535 – Public body to provide notice concerning progress payments and retainage payments to certain subcontractors and suppliers.
Within 5 working days after a public body receives a written request from a subcontractor or supplier of the contractor with respect to a contract which has not been fully performed, the public body shall notify the subcontractor or supplier in writing of the following: 1. The date the public body made a specified progress […]
NRS 338.460 – Period for accrual of interest on retainage.
Interest that is required to be paid on the retainage accrues from the date the retainage is withheld until the date the retainage is paid to the person from whom the retainage was withheld. (Added to NRS by 1999, 1984)
NRS 338.480 – Provisions inapplicable to certain contracts made by Department of Transportation.
The provisions of NRS 338.400 to 338.645, inclusive, do not apply to a contract entered into by the Department of Transportation pursuant to chapter 408 of NRS. (Added to NRS by 1999, 1984)
NRS 338.485 – Waiver or modification of right, obligation or liability set forth in NRS 338.400 to 338.645, inclusive, prohibited; certain conditions, stipulations or provisions of contract void and unenforceable.
1. A person may not waive or modify a right, obligation or liability set forth in the provisions of NRS 338.400 to 338.645, inclusive. 2. A condition, stipulation or provision in a contract or other agreement that: (a) Requires a person to waive a right set forth in the provisions of NRS 338.400 to 338.645, […]
NRS 338.490 – Limitations on requiring release or waiver of right to receive progress payment or retainage payment.
Any release or waiver required to be provided by a contractor, subcontractor or supplier to receive a progress payment or retainage payment must be: 1. Conditional for the purpose of receiving payment and shall be deemed to become unconditional upon the receipt of the money due to the contractor, subcontractor or supplier; and 2. Limited […]
NRS 338.510 – Submittal of progress bills.
A contractor shall submit a progress bill to the public body monthly or more frequently if the provisions of the contract so provide. (Added to NRS by 1999, 1984)