A performance contract must include appropriate financial mechanisms determined to be necessary by the city or county treasurer, as appropriate, to guarantee that operating cost savings are realized by the local government if the actual cost savings do not meet the predicted cost savings.
(Added to NRS by 2003, 3054)
Structure Nevada Revised Statutes
Chapter 332 - Purchasing: Local Governments
NRS 332.015 - "Local government" defined.
NRS 332.025 - Other terms defined.
NRS 332.027 - Application of chapter to local school precincts.
NRS 332.043 - Solicitation: Required contents.
NRS 332.045 - Advertisement of contract: Publication; contents.
NRS 332.047 - On-line solicitation.
NRS 332.091 - Maintenance of records of solicitations and responses.
NRS 332.095 - Assignment of contracts.
NRS 332.112 - Emergency contracts.
NRS 332.148 - Failure to receive responsible responses.
NRS 332.175 - Trade-in allowances for personal property.
NRS 332.310 - Building" defined.
NRS 332.320 - Operating cost savings" defined.
NRS 332.330 - Operating cost-savings measure" defined.
NRS 332.340 - Performance contract" defined.
NRS 332.350 - Qualified service company" defined.
NRS 332.352 - Criteria for qualification as qualified service company.
NRS 332.353 - Additional circumstance in which person may be deemed qualified service company.
NRS 332.370 - Financing and structure of performance contract.
NRS 332.371 - Requirements for performance contract that guarantees operating cost savings.
NRS 332.380 - Period over which payments become due.
NRS 332.410 - Use of savings realized throughout term of contract.
NRS 332.420 - Monitoring of cost savings attributable to operating cost-savings measures.
NRS 332.431 - Duty of local governments to report to Legislature.
NRS 332.440 - Financial mechanisms to guarantee operational cost savings are realized.
NRS 332.810 - Prohibited acts by responding offerors before award of contract; penalty.
NRS 332.820 - Effect of collusion among responding offerors or advance disclosures of information.