Under certain conditions, the Nevada Board may require a residential pool and spa contractor to secure a Performance Bond equal to at least 50% of the contract value. The Performance Bond must be used solely to safeguard the owner of the property being improved.
Pool & Spa Contractor Bond Application
The contractor may additionally be required to secure a Payment Bond for at least 50% of the contract value. The Payment Bond must be purely for the protection of those who give labor or materials to the contractor or any of his subcontractors in order to carry out the contract's obligations.
The NSCB may deny, revoke, suspend, or refuse to renew a license if an applicant or licensee fails to maintain the required bond or to establish the required cash deposit.
- Bond amount: $10,000 - $400,000