338.610 - Subcontractor to provide notice concerning progress payments and retainage payments to certain subcontractors and suppliers. - Nevada Statutes

338.610  Subcontractor to provide notice concerning progress payments and retainage payments to certain subcontractors and suppliers.  Within 5 working days after a subcontractor receives a written request from a subcontractor or supplier of his or her subcontractor or supplier with respect to a subcontract which has not been fully performed, he or she shall notify the subcontractor or supplier of his or her subcontractor or supplier in writing of the following:

      1.  The date the subcontractor made a specified progress payment or retainage payment to his or her subcontractor or supplier;

      2.  Whether the subcontractor has paid the entire amount of a specified progress payment or retainage payment to his or her subcontractor or supplier; and

      3.  The amount withheld by the subcontractor from a specified progress payment or retainage payment to his or her subcontractor or supplier, if any.

      (Added to NRS by 1999, 1989)