- #Psi exams las vegas nv full#
- #Psi exams las vegas nv license#
- #Psi exams las vegas nv professional#
#Psi exams las vegas nv license#
If you choose to post a cash deposit, please note that following termination of the license or relief of the bond requirement, the Nevada State Contractors Board is required to hold the cash deposit for an additional two (2) years. A biennial administrative fee of $200.00 will be assessed for all cash bond deposits.
#Psi exams las vegas nv full#
You may purchase a surety bond from a surety company authorized to transact business in the State of Nevada, and whose long-term obligations are rated “A” or better, orĬash bonds must be in the form of a Cashier’s Check payable to the State Contractors Board for the full amount of the bond. In lieu of a performance or payment bond, the contractor may obtain an equivalent form of security approved by the Board. The payment bond must be solely for the protection of persons supplying labor or materials to the contractor, or to any of his subcontractors, in carrying out the provisions of the contract. The contractor may also be required to obtain a payment bond in an amount equal to not less than 50 percent of the amount of the contract. The performance bond must be solely for the protection of the owner of the property to be improved. Under certain conditions, the Board may require a residential pool and spa contractor to obtain a performance bond in an amount equal not less than 50 percent of the amount of the contract.
#Psi exams las vegas nv professional#
The amount of each consumer protection bond or cash deposit required by this section must be fixed by the Board with reference to the contractor’s financial and professional responsibility and the magnitude of his operations, but must be not less than $10,000 or more than $400,000. In addition to the bond requirements listed above, swimming pool contractors may be required to obtain a consumer protection bond.īefore granting a contractor’s license to, or renewing the contractor’s license of, an applicant who performs or will perform work concerning residential pools or spas, the Board shall, in addition to any other conditions for the issuance or renewal of a license, require the applicant to file with the Board a bond solely for the protection of consumers in an amount fixed by the Board or in lieu of filing a bond, establish with the Board a cash deposit as provided in this section.įailure of an applicant or licensee to file or maintain in full force the required bond or to establish the required cash deposit constitutes cause for the Board to deny, revoke, suspend or refuse to renew a license. A surety bond or a cash deposit will be required for that amount. The bond can vary in amount from $1,000 to $500,000 based on the type of license, monetary limit, past, present or future financial responsibility, experience, and character of the applicant.Īfter the approval of the license, you will receive notification of the amount of bond required prior to the issuance of the license. The Board determines the amount of the bond at the time of license approval.
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