Nevada § 338.590 - Time for making payments; amounts paid

§ 338.590. Time for making payments; amounts paid

Except as otherwise provided in NRS 338.595 , 338.600 and 338.605 : 1. Each subcontractor shall disburse money paid to him or her pursuant to this chapter,

including any interest which the subcontractor receives, to his or her subcontractors

and suppliers within 10 days after the subcontractor receives the money, in direct

proportion to the subcontractors' and suppliers' basis in the progress bill or retainage

bill and any accrued interest thereon. 2. A subcontractor shall make payments to his or her subcontractor or supplier in

an amount equal to that subcontractor's or supplier's basis in the payments paid by

the contractor to him or her for the supplies, materials and equipment identified

in the contract between the contractor and the public body, or in the subcontract

between the subcontractor or supplier and the contractor, within 10 days after the

subcontractor has received a progress payment or retainage payment from the contractor

for those supplies, materials and equipment.