Performance bonds; Administrator of Purchasing Division may require check or bond before entering into contract.

Nev. Rev. Stat. § 333.360
in effect
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1. A bond furnished by a surety company authorized to do business in this state may be required by the Administrator for the proper performance of the contract. The Administrator may request a certified check, cashier’s check or bond, in an amount not to exceed the total amount of the contract, before entering into a contract with a person who submits a successful bid or proposal. 2. No division or department of the State is liable for any expense incurred by or loss of income sustained by any person because of a request made pursuant to subsection 1.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-333.htmlFetched: 10/4/2026

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