1. If a public body receives:
(a) A progress bill or retainage bill, fails to give a contractor a written notice of any withholding in the manner set forth in subsection 2 of NRS 338.525, and does not pay the contractor within 30 days after receiving the progress bill or retainage bill; or
(b) A contractor’s written notice of the correction of a condition set forth pursuant to subsection 2 of NRS 338.525 as the reason for the withholding, signed by an authorized agent of the contractor, and fails to:
(1) Pay the amount of the progress payment or retainage payment that was withheld from the contractor within 30 days after the public body receives the next progress bill or retainage bill; or
(2) Object to the scope and manner of the correction, within 30 days after the public body receives the notice of correction, in a written statement that sets forth the reason for the objection and is signed by an authorized agent of the public body,
the public body shall pay to the contractor, in addition to the entire amount of the progress bill or retainage bill or any unpaid portion thereof, interest from the 30th day on the amount delayed, at a rate equal to the amount provided for in subsection 6 of NRS 338.515, until payment is made to the contractor.
2. If the public body objects pursuant to subparagraph (2) of paragraph (b) of subsection 1, it shall pay to the contractor an amount equal to the value of the corrections to which the public body does not object.
(Added to NRS by 1999, 1985; A 2011, 1621; 2015, 2628)
Structure Nevada Revised Statutes
NRS 338.0116 - Legislative findings and declarations.
NRS 338.012 - Regulations of Labor Commissioner.
NRS 338.015 - Enforcement by Labor Commissioner and Attorney General.
NRS 338.025 - Prevailing wage regions.
NRS 338.030 - Procedure for determination of prevailing wage in region; duration of rates.
NRS 338.040 - Workers deemed to be employed on public works; regulations.
NRS 338.050 - Contractual relationships: Applicability of NRS 338.010 to 338.090, inclusive.
NRS 338.072 - Requirement for subcontractor to hold state business license.
NRS 338.130 - Preferential employment in construction of public works.
NRS 338.1376 - State public works: Qualification of subcontractors; disqualification; appeal.
NRS 338.1377 - Local government public works: Adoption of criteria for qualification of bidders.
NRS 338.1382 - Local government public works: Alternative procedure for qualification of bidders.
NRS 338.13842 - "Local business" defined.
NRS 338.13843 - "Veteran with a service-connected disability" defined.
NRS 338.13844 - Amount of preferences.
NRS 338.13845 - Fraudulent acts.
NRS 338.13846 - Duty of State Public Works Division to report to Legislature.
NRS 338.13862 - Requirements for awarding contract for smaller public work to contractor.
NRS 338.139 - Awarding of contract to specialty contractor: Conditions.
NRS 338.148 - Awarding of contract to specialty contractor: Conditions.
NRS 338.155 - Provisions relating to design professional who is not member of design-build team.
NRS 338.1581 - "Concession" defined.
NRS 338.1582 - "Private partner" defined.
NRS 338.1583 - "Public-private partnership" defined.
NRS 338.1584 - "Transportation facility" defined.
NRS 338.1585 - "User fee" defined.
NRS 338.1587 - Public-private partnership: Authority to enter; authorized provisions.
NRS 338.1589 - Alternative methods: Authorization.
NRS 338.159 - Alternative methods: Submission of request to public body; contents of request.
NRS 338.1591 - Alternative methods: Request for submission of proposals by public body.
NRS 338.1598 - Contract for services under alternative methods.
NRS 338.1599 - Federal, state or local assistance.
NRS 338.1601 - Eminent domain.
NRS 338.1602 - Applicability of state and federal laws.
NRS 338.161 - "Transportation facility" defined.
NRS 338.162 - Alternative methods of authorization.
NRS 338.163 - Submission of request to public body; contents of request.
NRS 338.164 - Request for submission of proposals by public body.
NRS 338.167 - Contract for transportation services.
NRS 338.168 - Federal, state or local assistance.
NRS 338.1685 - Declaration of legislative intent.
NRS 338.1691 - Qualifications for construction manager at risk.
NRS 338.1715 - Procedure for selecting design-build team.
NRS 338.1718 - Contract with construction manager as agent.
NRS 338.1721 - Qualifications of design-build team.
NRS 338.1723 - Advertisement for preliminary proposals.
NRS 338.193 - Standards for plumbing fixtures.
NRS 338.415 - "Progress bill" defined.
NRS 338.420 - "Progress payment" defined.
NRS 338.425 - "Retainage" defined.
NRS 338.430 - "Retainage bill" defined.
NRS 338.435 - "Retainage payment" defined.
NRS 338.455 - Methods to be used for providing notice.
NRS 338.460 - Period for accrual of interest on retainage.
NRS 338.480 - Provisions inapplicable to certain contracts made by Department of Transportation.
NRS 338.510 - Submittal of progress bills.
NRS 338.530 - Payment of interest on amounts withheld improperly.
NRS 338.550 - Time for making payments; amounts paid.
NRS 338.555 - Amounts withheld as retainage; payment of interest.
NRS 338.565 - Payment of interest on amounts withheld improperly.
NRS 338.590 - Time for making payments; amounts paid.
NRS 338.595 - Amounts withheld as retainage; payment of interest.
NRS 338.605 - Payment of interest on amounts withheld improperly.
NRS 338.635 - Action by subcontractor or supplier to remedy unjustified or excessive withholding.
NRS 338.640 - Award of reasonable costs and attorney’s fees to prevailing party.