2015 Nevada Revised Statutes
Chapter 333 - Purchasing: State
NRS 333.360 - Performance bonds; Administrator of Purchasing Division may require check or bond before entering into contract.
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.
[25:333:1951]—(NRS A 1963, 1058; 1991, 623)
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