Nevada Revised Statutes 624.301 – Abandonment or failure or refusal to complete or prosecute diligently project for construction; failure or refusal to comply with terms of contract or written warranty
The following acts, among others, constitute cause for disciplinary action under NRS 624.300:
Terms Used In Nevada Revised Statutes 624.301
- Contract: A legal written agreement that becomes binding when signed.
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
1. Abandonment without legal excuse of any construction project or operation.
2. Abandonment of a construction project when the percentage of the project completed is less than the percentage of the total price of the contract paid to the contractor at the time of abandonment, unless the contractor is entitled to retain the amount paid pursuant to the terms of the contract or the contractor refunds the excessive amount paid within 30 days after the abandonment of the project.
3. Failure in a material respect to complete any construction project or operation for the price stated in the contract for the project or operation or any modification of the contract.
4. Failure or refusal without legal excuse to prosecute a construction project or operation with reasonable diligence.
5. Failure or refusal without legal excuse on the part of a licensee to comply with the terms of a construction contract or written warranty.