Nev. Rev. Stat. § 338.1697

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 338.1697 - Authorized provision in contract with construction manager at risk for construction of public work or portion thereof for guaranteed maximum price

A contract entered into pursuant to NRS 338.1696 that is for a guaranteed maximum price may include a provision that authorizes the construction manager at risk to receive all or part of any difference between the guaranteed maximum price set forth in the contract and the actual price of construction of the public work, if the actual price is less than the guaranteed maximum price.

NRS 338.1697

Added to NRS by 2007, 2894; R 2013, 2986; R 2017, 4035; A 2021, 736, 2218

Amended by 2021, Ch. 371,§3, eff. 6/4/2021.

Amended by 2021, Ch. 165,§4, eff. 5/27/2021.

Repealed by 2013, Ch. 487,§14.7, eff. 7/1/2017.

Added to NRS by 2007, 2894