NV General Contractor Practice Questions - Nevada General Contractor Exam

Under Nevada law, what is the doctrine of 'substantial completion' used for?

To determine when warranty periods begin, retainage can be released, and lien filing deadlines start To calculate the contractor's profit To determine when the building permit expires To set the property tax assessment date

Correct Answer:

To determine when warranty periods begin, retainage can be released, and lien filing deadlines start

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