Limitations on requiring release or waiver of right to receive progress payment or retainage payment.

Nev. Rev. Stat. § 338.490
in effect
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Any release or waiver required to be provided by a contractor, subcontractor or supplier to receive a progress payment or retainage payment must be: 1. Conditional for the purpose of receiving payment and shall be deemed to become unconditional upon the receipt of the money due to the contractor, subcontractor or supplier; and 2. Limited to claims related to the invoiced amount of the labor, materials, equipment or supplies that are the subject of the progress bill or retainage bill.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-338.htmlFetched: 6/28/2026

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Nev. Rev. Stat. § 338.490 — Limitations on requiring release or waiver of right to receive progress payment or retainage payment | Nevada Revised Statutes | Corpus