Nevada State Contractors Board

               9670 Gateway Drive, Ste 100, Reno, NV 89521   (775) 688-1141   Fax (775) 688-1271
         2310 Corporate Circle, Ste 200, Henderson, NV 89074   (702) 486-1100   Fax (702) 486-1190

Bonds

Nevada State Contractors Board

  

 

ADDITIONAL REQUIREMENTS FOR POOL AND SPA CONTRACTORS   

Each contractor's license issued in the State of Nevada requires a license bond. The Nevada State Contractors Board determines the amount of the bond at the time of license approval.  The bond can vary in amount from $1,000 to $500,000. When determining the amount of bond required, the Board will consider the type of license requested, monetary limit granted, past, present or future financial responsibility, experience, and character of the applicant.

Once an application is approved, the applicant will receive notification regarding the amount of bond required.  A surety bond or a cash deposit will be required for that amount. 

Surety bonds must be executed on the form provided by the Board. The bond must be written by a surety company authorized to transact business in the State of Nevada, and whose long-term obligations are rated “A” or better.

CASH DEPOSITS

An applicant or licensee can post a cash deposit In lieu of a surety bond. Cash deposits must be in the form of a Cashier’s Check for the full amount of the bond. An annual administrative fee of $100.00 will be assessed for all cash bond deposits. If you choose to post a cash deposit, you should know that the State Contractors’ Board is required to hold that cash deposit for an additional two (2) years following termination of the license or relief of the bond requirement.  The requirement is based on the statute of limitation for filing claims.

SURETY BOND FORM