338.535 - Public body to provide notice concerning progress payments and retainage payments to certain subcontractors and suppliers. - Nevada Statutes

338.535  Public body to provide notice concerning progress payments and retainage payments to certain subcontractors and suppliers.  Within 5 working days after a public body receives a written request from a subcontractor or supplier of the contractor with respect to a contract which has not been fully performed, the public body shall notify the subcontractor or supplier in writing of the following:

      1.  The date the public body made a specified progress payment or retainage payment to a contractor;

      2.  Whether the public body has paid the entire amount of a specified progress payment or retainage payment to the contractor; and

      3.  The amount withheld by the public body from a specified progress payment or retainage payment to the contractor, if any.

      (Added to NRS by 1999, 1985)