Terms Used In Nevada Revised Statutes > Chapter 88A - Business Trusts

• Administrator: means the Administrator of the Purchasing Division. See Nevada Revised Statutes 333.020
• Authorized representative: means a person designated by a public body to be responsible for the development, solicitation, award or administration of contracts for public works pursuant to this chapter. See Nevada Revised Statutes 338.010
• Authorized representative: means a person designated by the governing body to be responsible for the development, award and proper administration of all purchases and contracts for a local government or a department, division, agency, board or unit of a local government made pursuant to this chapter. See Nevada Revised Statutes 332.025
• Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
• Best value: means the greatest possible economy consistent with grades or qualities of supplies, materials, equipment and services that are adapted to the purposes to be served. See Nevada Revised Statutes 333.020
• Capital offense: A crime punishable by death.
• Chambers: A judge's office.
• Claimant: includes a natural person, firm, partnership, association or corporation. See Nevada Revised Statutes 339.015
• confidential business information: means any information relating to the amount or source of any income, profits, losses or expenditures of a person, including data relating to cost, price, or the customers of a responding offeror which is submitted in support of a response. See Nevada Revised Statutes 332.025
• confidential business information: means any information relating to the amount or source of any income, profits, losses or expenditures of a person, including data relating to cost or price submitted in support of a bid or proposal. See Nevada Revised Statutes 333.020
• Contract: means a written contract entered into between a contractor and a public body for the provision of labor, materials, equipment or supplies for a public work. See Nevada Revised Statutes 338.010
• Contracting body: means the State, county, city, town, school district, or any public agency of the State or its political subdivisions which has authority to contract for the construction, alteration or repair of any public building or other public work or public improvement. See Nevada Revised Statutes 339.015
• Contractor: means :

  (a) A person who is licensed pursuant to the provisions of chapter 624 of NRS. See Nevada Revised Statutes 338.010

• Design professional: means :

  (a) A person who is licensed as a professional engineer pursuant to chapter 625 of NRS;

  (b) A person who is licensed as a professional land surveyor pursuant to chapter 625 of NRS;

  (c) A person who holds a certificate of registration to engage in the practice of architecture, interior design or residential design pursuant to chapter 623 of NRS;

  (d) A person who holds a certificate of registration to engage in the practice of landscape architecture pursuant to chapter 623A of NRS; or

  (e) A business entity that engages in the practice of professional engineering, land surveying, architecture or landscape architecture. See Nevada Revised Statutes 338.010

• Design-build team: means an entity that consists of:

  (a) At least one person who is licensed as a general engineering contractor or a general building contractor pursuant to chapter 624 of NRS; and

  (b) For a public work that consists of:

  (1) A building and its site, at least one person who holds a certificate of registration to practice architecture pursuant to chapter 623 of NRS. See Nevada Revised Statutes 338.010

• Director: means the Director of the Department of Administration. See Nevada Revised Statutes 333.020
• Division: means the State Public Works Division of the Department of Administration. See Nevada Revised Statutes 338.010
• Donor: The person who makes a gift.
• Evaluator: means an authorized representative, officer, employee, representative, agent, consultant or member of a governing body who has participated in:

  (a) The evaluation of responses;

  (b) Negotiations concerning purchasing by a local government; or

  (c) The review or approval of the award, modification or extension of a contract. See Nevada Revised Statutes 332.025

• Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
• Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
  • You are late making a payment or commit some other default, triggering an increase to a penalty rate
  • The bank changes the terms of your account and you do not reject the change.
  • The rate expires (if the rate was fixed for only a certain period of time).
• General contractor: means a person who is licensed to conduct business in one, or both, of the following branches of the contracting business:

  (a) General engineering contracting, as described in subsection 2 of Nevada Revised Statutes 338.010

• Germane: On the subject of the pending bill or other business; a strict standard of relevance.
• Governing body: means the board, council, commission or other body in which the general legislative and fiscal powers of a local government are vested. See Nevada Revised Statutes 338.010
• Governing body: means the board, council, commission or other body in which the general legislative and fiscal powers of the local government are vested. See Nevada Revised Statutes 332.025
• Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}
• Hearsay: Statements by a witness who did not see or hear the incident in question but heard about it from someone else. Hearsay is usually not admissible as evidence in court.
• Horizontal construction: means any construction, alteration, repair, renovation, demolition or remodeling necessary to complete a public work, including, without limitation, any irrigation, drainage, water supply, flood control, harbor, railroad, highway, tunnel, airport or airway, sewer, sewage disposal plant or water treatment facility and any ancillary vertical components thereof, bridge, inland waterway, pipeline for the transmission of petroleum or any other liquid or gaseous substance, pier, and any other work incidental thereto. See Nevada Revised Statutes 338.010
• Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Invitation to bid: means a written statement which sets forth the requirements and specifications of a contract to be awarded by competitive selection. See Nevada Revised Statutes 333.020
• Jurisprudence: The study of law and the structure of the legal system.
• Local government: means every political subdivision or other entity which has the right to levy or receive money from ad valorem or other taxes or any mandatory assessments, and includes, without limitation, counties, cities, towns, boards, school districts and other districts organized pursuant to chapters 244A, 318, 318A, 379, 474, 538, 541, 543 and 555 of NRS, Nevada Revised Statutes 338.010
• local government: means :

  (a) Every political subdivision or other entity which has the right to levy or receive money from ad valorem taxes or other taxes or from any mandatory assessments, including counties, cities, towns, school districts and other districts organized pursuant to chapters 244, 318, 318A, 379, 450, 474, 539, 541, 543 and 555 of NRS. See Nevada Revised Statutes 332.015

• Local school precinct: has the meaning ascribed to it in Nevada Revised Statutes 332.025
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
• Private law: A private bill enacted into law. Private laws have restricted applicability, often addressing immigration and naturalization issues affecting individuals.
• Probable cause: A reasonable ground for belief that the offender violated a specific law.
• Proprietary information: means :

  (a) Any trade secret or confidential business information that is contained in a response submitted to a governing body or its authorized representative on a particular contract; or

  (b) Any other trade secret or confidential business information submitted to a governing body or its authorized representative by a responding offeror and designated as proprietary by the governing body or its authorized representative. See Nevada Revised Statutes 332.025

• Proprietary information: means :

  (a) Any trade secret or confidential business information that is contained in a bid or proposal submitted on a particular contract; or

  (b) Any other trade secret or confidential business information submitted in a bid or proposal and designated as proprietary by the Administrator. See Nevada Revised Statutes 333.020

• Public body: means the State, county, city, town, school district or any public agency of this State or its political subdivisions sponsoring or financing a public work. See Nevada Revised Statutes 338.010
• Public work: means any project for the new construction, repair or reconstruction of a project financed in whole or in part from public money for:

  (a) Public buildings;

  (b) Jails and prisons;

  (c) Public roads;

  (d) Public highways;

  (e) Public streets and alleys;

  (f) Public utilities;

  (g) Publicly owned water mains and sewers;

  (h) Public parks and playgrounds;

  (i) Public convention facilities which are financed at least in part with public money; and

  (j) All other publicly owned works and property. See Nevada Revised Statutes 338.010

• Purchasing Division: means the Purchasing Division of the Department of Administration. See Nevada Revised Statutes 333.020
• Purchasing officer: means a person who is authorized by the Administrator or a using agency to facilitate:

  (a) The evaluation of bids or proposals for a contract;

  (b) Any negotiations concerning a contract; or

  (c) The development, review or approval of a contract. See Nevada Revised Statutes 333.020

• Request for proposals: means a written statement which sets forth the requirements and specifications of a contract to be awarded by competitive selection. See Nevada Revised Statutes 333.020
• Responding offeror: means a person who responds to a solicitation made by a governing body or its authorized representative. See Nevada Revised Statutes 332.025
• Service of process: The service of writs or summonses to the appropriate party.
• Solicitation: means a written statement which sets forth the requirements and specifications of a contract to be awarded by:

  (a) An invitation to bid;

  (b) A request for proposals;

  (c) A request for a statement of qualifications;

  (d) A request for a quotation; or

  (e) Any other accepted method of purchasing that complies with the provisions of this chapter. See Nevada Revised Statutes 332.025

• Specialty contractor: means a person who is licensed to conduct business as described in subsection 4 of Nevada Revised Statutes 338.010
• Subcontract: means a written contract entered into between:

  (a) A contractor and a subcontractor or supplier; or

  (b) A subcontractor and another subcontractor or supplier, for the provision of labor, materials, equipment or supplies for a construction project. See Nevada Revised Statutes 338.010

• Subcontractor: means a person who:

  (a) Is licensed pursuant to the provisions of chapter 624 of NRS or performs such work that the person is not required to be licensed pursuant to chapter 624 of NRS; and

  (b) Contracts with a contractor, another subcontractor or a supplier to provide labor, materials or services for a construction project. See Nevada Revised Statutes 338.010

• Supplier: means a person who provides materials, equipment or supplies for a construction project. See Nevada Revised Statutes 338.010
• Trade secret: has the meaning ascribed to it in Nevada Revised Statutes 332.025
• Trade secret: has the meaning ascribed to it in Nevada Revised Statutes 333.020
• Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}
• Using agencies: means all officers, departments, divisions, institutions, boards, commissions and other agencies in the Executive Department of the State Government which derive their support from public money in whole or in part, whether the money is provided by the State of Nevada, received from the Federal Government or any branch, bureau or agency thereof, or derived from private or other sources. See Nevada Revised Statutes 333.020
• Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.
• Vertical construction: means any construction, alteration, repair, renovation, demolition or remodeling necessary to complete a public work for any building, structure or other improvement that is predominantly vertical, including, without limitation, a building, structure or improvement for the support, shelter and enclosure of persons, animals, chattels or movable property of any kind, and any other work or improvement appurtenant thereto. See Nevada Revised Statutes 338.010
• Volunteer fire department: means a volunteer fire department which pays premiums for industrial insurance pursuant to the provisions of chapters 616A to 616D, inclusive, or chapter 617 of NRS. See Nevada Revised Statutes 333.020
• Wages: means :

  (a) The basic hourly rate of pay; and

  (b) The amount of pension, health and welfare, vacation and holiday pay, the cost of apprenticeship training or other bona fide fringe benefits which are a benefit to the worker. See Nevada Revised Statutes 338.010

• Worker: means a skilled mechanic, skilled worker, semiskilled mechanic, semiskilled worker or unskilled worker in the service of a contractor or subcontractor under any appointment or contract of hire or apprenticeship, express or implied, oral or written, whether lawfully or unlawfully employed. See Nevada Revised Statutes 338.010