Nevada Revised Statutes 333.355 – Administrator of Purchasing Division may request check or bond to accompany bid or proposal
Current as of: 2023 | Check for updates
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1. The Administrator may request that a certified check, cashier’s check or bond, in an amount not to exceed 5 percent of the total value of the bid or proposal, accompany a bid or proposal, if the request applies to each person who submits a bid or proposal.
Terms Used In Nevada Revised Statutes 333.355
- Administrator: means the Administrator of the Purchasing Division. See Nevada Revised Statutes 333.020
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
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.