Nevada § 332.105 Bonds

Nevada Statutes

§ 332.105 — Bonds

Nevada § 332.105

Title 27PUBLIC PROPERTY AND PURCHASING

Ch. 332Purchasing:

Procedures for Solicitations

This text of Nevada § 332.105 (Bonds) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 332.105 (2026).

Text

1.A performance bond, payment bond or any other bond or combination thereof, with sufficient surety, in such amount as may be determined necessary by the governing body or its authorized representative, may be required of each responding offeror on a particular contract.

2.Any such bonds may be to insure proper performance of the contract and save, indemnify and keep harmless the local government against all loss, damages, claims, liabilities, judgments, costs and expenses which may accrue against the local government in consequence of the awarding of the contract.

3.If a local government requires such a bond, it shall not also require a detailed financial statement from each responding offeror on the contract.

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1. A performance bond, payment bond or any other bond or combination thereof, with sufficient surety, in such amount as may be determined necessary by the governing body or its authorized representative, may be required of each responding offeror on a particular contract.
2. Any such bonds may be to insure proper performance of the contract and save, indemnify and keep harmless the local government against all loss, damages, claims, liabilities, judgments, costs and expenses which may accrue against the local government in consequence of the awarding of the contract.
3. If a local government requires such a bond, it shall not also require a detailed financial statement from each responding offeror on the contract.