Under the Idaho Public Contracts Bond Act, Idaho Code Ann. 54–1925, et. al., written notice of a payment bond claim must be provided by a sub–subcontractor claimant within ninety days of the last labor or supply of material by the claimant.  Idaho Code Ann. 54-1927.  A lawsuit to enforce the claim must be filed within one year from the last day the claimant provided the labor or materials at issue. Id.

The license bond statute specifically states that the bond is for the benefit, among others, of one who supplies “materials or equipment for the construction covered by the contract”.  NRS … Continue reading “Are Interest and Late Fees Recoverable Under a Nevada Contractors License Bond? “

Contractor’s license bonds are required by statute in Nevada (NRS 624.270), and claims against the bond are also governed by statute (NRS 624.274). Therefore familiarity with those statutes is a … Continue reading “The ABC’s of Evaluating Contractor’s License Bond Claims in Nevada”

The Holcomb Decision In Holcomb, the Nevada Supreme Court ruled that “[a] party can contractually agree to a limitations period shorter than that provided by statute in certain circumstances.” Holcomb … Continue reading “Can Parties Shorten Statutory Limitation Periods?”

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 … Continue reading “How to Avoid Paying Twice for the Same Work”

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 … Continue reading “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 … Continue reading “Industry Reminder: Unlicensed Contractors “

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 … Continue reading “Claimants Argue New Nevada Supreme Court Case Obligates Sureties to Arbitrate”

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 … Continue reading “Surety & Fidelity Association of Nevada’s Workshop”

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 … Continue reading “Motor Vehicle License Bond Trends in Nevada”