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A single mother told us her experience with a pool contruction company who skipped town after installing her swimming pool. The company didn't pay all the sub-contractors who worked on the project, and the single mother was sued by one of the sub-contractors. This caused her tremendous distress and a financial burden so severe, that she almost lost her new home.

The Nevada State Contractors' Board has important information to help protect you when dealing with a contractor. Know your rights, and what you need to do to protect yourself in case anything goes wrong on your project.

We recommend that you read and print Required Disclosures for General Contractors from the Nevada Contractors Board.

It explains that IF a sub-contractor, laborer, supplier of materials or other person or entity who performs work or furnishes materials of the value of $500 or more on your project, is not paid for the work or materials, they have a right to place a lien on your property on which the work was performed and to sue you in court to obtain payment.

General Building Contractors are required to provide disclosures in writing to the owner of a single-family residence with whom they are contracted. This includes the full contact info (including license numbers) of all subcontractors and persons or entities supplying material valued at $500 or more for your project.

Additionally, it gives detailed explanations of extra ways to help protect yourself such as payment and performance bonds, issuing joint checks, how to use unconditional "waiver and release" forms and what to do if a lien is filed against your property.

Print this and keep on file:
Required Disclosures for General Contractorsfrom the Nevada Contractors Board.




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QUICK TIP:
Update Insurance Policies after Remodeling

Policy Holders need to notify their insurance companies when they renovate. Nearly 60% of homeowners who make major structural changes, like remodeling baths or kitchens, fail to update their policies, according to the independent agents' group. Yet, the organization said, one in four remodeling projects increases the value of the home by more than 25%.



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2003