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Current as of January 01, 2025 | Updated by Findlaw Staff
1. A performance contract must provide that all payments, other than any obligations that become due if the contract is terminated before the contract expires, must be made over time.
2. The period over which payments are made on a performance contract must equal the period over which the operating cost savings are amortized. Payments on a performance contract must not commence until the operating cost-savings measures have been installed by the qualified service company.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 27. Public Property and Purchasing § 333A.110. Period over which payments become due - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-27-public-property-and-purchasing/nv-rev-st-333a-110/
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