CHAPTER........
AN ACT relating to highways; clarifying the authority of the department of transportation to
include in a contract made or awarded for the construction, improvement,
maintenance or repair of a highway or appurtenance to a highway a provision for the
payment of an additional amount of money if the construction, improvement,
maintenance or repair is completed before a certain date; and providing other
matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. Chapter 408 of NRS is hereby amended by adding thereto a
new section to read as follows:
1. Any contract made or awarded by the department for the
construction, improvement, maintenance or repair of a highway or an
appurtenance to that highway may include a provision for the payment
of an additional amount of money to the person with whom the contract
is made or to whom it is awarded if he satisfactorily completes the
construction, improvement, maintenance or repair of the highway or
appurtenance before the date for completion of that construction,
improvement, maintenance or repair set forth in the contract.
2. The amount of money to be paid pursuant to a provision included
in a contract specified in subsection 1 and the date before which the work
must be completed must be determined by the department.
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