All Nevada contractors must be licensed at the state level. Purchasing a contractor license bond is a prerequisite for obtaining a license.
Nevada’s “Little Miller Act” requires that both performance bonds and payment bonds be furnished by contractors before they can be awarded a public works or other state-funded project valued above a given dollar threshold. Although private construction projects don’t fall under the Little Miller Act., private project owners can also require performance and payment bonds from their chosen contractors. And both private and construction project owners may choose to require a bid bond from each contractor bidding on a job.
Other construction bonds that contractors operating in Nevada may need include:
- Maintenance bonds
- Subdivision/site improvement bonds
- Supply bonds
- Solar decommissioning bonds
- Right of Way bonds
