333.360 - Performance bonds; Chief of Purchasing Division may require check or bond before entering into contract. - Nevada Statutes

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Statutes > Nevada > Title-27 > Chapter-333 > Procedures-for-state-purchasing > 333-360

333.360 Performance bonds; Chief of Purchasing Division may require check or bond before entering into contract.

1. A bond furnished by a surety company authorized to do business in this state may be required by the Chief for the proper performance of the contract. The Chief may request a certified check, cashier’s check or bond, in an amount not to exceed the total amount of the contract, before entering into a contract with a person who submits a successful bid or proposal.

2. No division or department of the State is liable for any expense incurred by or loss of income sustained by any person because of a request made pursuant to subsection 1.

[25:333:1951]—(NRS A 1963, 1058; 1991, 623)

State Codes and Statutes

Statutes > Nevada > Title-27 > Chapter-333 > Procedures-for-state-purchasing > 333-360

333.360 Performance bonds; Chief of Purchasing Division may require check or bond before entering into contract.

1. A bond furnished by a surety company authorized to do business in this state may be required by the Chief for the proper performance of the contract. The Chief may request a certified check, cashier’s check or bond, in an amount not to exceed the total amount of the contract, before entering into a contract with a person who submits a successful bid or proposal.

2. No division or department of the State is liable for any expense incurred by or loss of income sustained by any person because of a request made pursuant to subsection 1.

[25:333:1951]—(NRS A 1963, 1058; 1991, 623)

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State Codes and Statutes

Statutes > Nevada > Title-27 > Chapter-333 > Procedures-for-state-purchasing > 333-360

333.360 Performance bonds; Chief of Purchasing Division may require check or bond before entering into contract.

1. A bond furnished by a surety company authorized to do business in this state may be required by the Chief for the proper performance of the contract. The Chief may request a certified check, cashier’s check or bond, in an amount not to exceed the total amount of the contract, before entering into a contract with a person who submits a successful bid or proposal.

2. No division or department of the State is liable for any expense incurred by or loss of income sustained by any person because of a request made pursuant to subsection 1.

[25:333:1951]—(NRS A 1963, 1058; 1991, 623)