Inside Nevada’s Construction Law: Navigating the Controversial Prompt Payment Act

2025-05-22

Episode Summary: In this comprehensive episode, host Leon Mead breaks down the Nevada Prompt Payment Act, explaining its unique features, requirements, and implications for contractors in Nevada. The episode covers the act's origins from the Venetian Resort case, payment timelines, change order provisions, and remedies available to contractors when payments are delayed. Key Timestamps: 00:01 - Show Introduction 00:06 - Overview of Nevada Prompt Payment Act 03:45 - Historical Background ...

Episode Summary:

In this comprehensive episode, host Leon Mead breaks down the Nevada Prompt Payment Act, explaining its unique features, requirements, and implications for contractors in Nevada. The episode covers the act's origins from the Venetian Resort case, payment timelines, change order provisions, and remedies available to contractors when payments are delayed.

Key Timestamps:

00:01 - Show Introduction

00:06 - Overview of Nevada Prompt Payment Act

03:45 - Historical Background (Venetian Resort Case)

07:30 - How the Act Works & Payment Timelines

12:15 - Retention Rules and Withholding Funds

17:20 - Change Order Provisions

22:30 - Contract Termination Rights

27:45 - Liability and Legal Implications

32:15 - Disputes and Unresolved Issues

38:56 - Show Outro

About the Show:

The BLDR Law Podcast provides insights into Nevada's construction law, helping contractors, subcontractors, and industry professionals navigate complex legal matters. Hosted by Leon Mead of the Mead Law Group, the show delivers practical legal knowledge for construction industry stakeholders.

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