Legal Alert: Legislature Passes AB574 to Relieve the Burden of the Nevada First Act on Nevada General Contractors
July 28, 2011
AB144 caused quite a stir within the Nevada general contracting community; the potential liabilities for breach caused by a minor subcontractor several tiers downstream were significant disincentives for the use of Nevada’s preference law. Moreover, it became clear that with potentially unlimited liability for the acts of third parties, bonding companies were not willing to undertake the bonding risk associated with the new law. To address these issues, the Associated General Contractors’ Board of Directors, led by President Boyd Martin, was able to gain a last minute alteration of AB144 by the passage of AB574. Whether this is enough to handle the problems created by AB144 remains to be seen.
©2023 Snell & Wilmer L.L.P. All rights reserved. The purpose of this publication is to provide readers with information on current topics of general interest and nothing herein shall be construed to create, offer, or memorialize the existence of an attorney-client relationship. The content should not be considered legal advice or opinion, because it may not apply to the specific facts of a particular matter. As guidance in areas is constantly changing and evolving, you should consider checking for updated guidance, or consult with legal counsel, before making any decisions.