How to Avoid Paying Twice for the Same Work

By Kurt Faux The Nevada Supreme Court recently determined that an unconditional release from a bottom-tiered contractor to the middle-tiered and higher-tiered contractors did not preclude a claim by the bottom-tiered contractor when the middle-tiered contractor failed to pay. Cashman Equipment Co. v. West Edna Assocs., 132 Nev. Adv. Op. 69 (Sep. 29, 2016). The … Continue reading “How to Avoid Paying Twice for the Same Work”

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Nevada State Contractors Board’s Presentation

Margi Grein, executive officer of the Nevada State Contractors Board gave a presentation at our office about issues involving contractors. We had a great discussion. During the presentation she reminded us how to report unlicensed contractors in Nevada through email or through their app, you can find more info at the Board’s website.  

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Industry Reminder: Unlicensed Contractors 

Margi Grein, executive officer of the Nevada State Contractors Board gave a presentation at our office about issues involving contractors. We had a great discussion.  During the presentation she reminded us how to report unlicensed contractors in Nevada through email or through their app, you can find more info at the Board’s website. 

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Claimants Argue New Nevada Supreme Court Case Obligates Sureties to Arbitrate

By John Cory & Jordan Faux In general, most payment and performance bonds do not include an arbitration provision. Instead, a surety may be bound to arbitrate when the bond incorporates arbitration provisions in an underlying contract. While the pros and cons of arbitration are not the subject of this article, claimants will often file … Continue reading “Claimants Argue New Nevada Supreme Court Case Obligates Sureties to Arbitrate”

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Surety & Fidelity Association of Nevada’s Workshop

Jordan Faux was one of the presenters at the Contract Surety Bonding Workshop by the Surety & Fidelity Association of Nevada in conjunction with the Nevada Subcontractors Association & Associated Builders and Contractors Nevada.    

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Motor Vehicle License Bond Trends in Nevada

By Leland Faux Nevada Revised Statute 482.345 requires a car dealer to post a $100,000 bond for the benefit of consumers. Recently, we’ve noticed an uptick in volume of lawsuits on these types of bonds. This article will provide a brief synopsis of some of the trends we are seeing and how a surety can … Continue reading “Motor Vehicle License Bond Trends in Nevada”

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Some Relief for the “Original Contractor” and Sureties Regarding Labor Claims

Nevada law provided that every “original contractor” is liable for “indebtedness for labor incurred by any subcontractor or any contractors acting under, by or for the original contractor in performing any labor, construction of other work included in the subject of the original contract, for labor . . . .” NRS 608.150. The statute made … Continue reading “Some Relief for the “Original Contractor” and Sureties Regarding Labor Claims”

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No More Soup For You!

Nevada Legislature Limits DMV Bond Claims to “Consumers “and Some Hidden Dangers You Should Know In 2011, the Nevada Supreme Court held in Western Surety Company v. ADCO Credit, Inc., 251 P.3d 714 (Nev. 2011) that a defrauded finance company was within the meaning of the phrase “any person” in NRS 482.345, thereby making the finance company a … Continue reading “No More Soup For You!”

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