What You’ll Learn

How Nevada defines a contracting business, the role of the qualifying individual, what counts as the required four years’ experience, and which changes must be reported to the Board (name, address, qualifier, entity, scope).

Plain-English Breakdown

• Qualifier duties: day-to-day control, supervise projects, ensure compliance; not a figurehead.
• Experience proof: W-2s or 1099s, project lists, permits/contracts, notarized affidavits; be consistent across documents.
• Entity choices: LLC/Corp/Partnership/Sole Proprietor — taxes & liability differ; keep filings synced with the Board.
• Notifications: file promptly for DBAs, address changes, qualifier changes, new scopes; late notice can stall approvals.

Mini-Checklist

• Confirm qualifier + 4-yr experience with proof.
• List all prior business names/DBAs (avoid mismatches).
• Start fingerprints early; track receipt.
• Draft a one-paragraph description of the scope you’ll actually perform.

Resources

• Candidate Information Bulletin (Exam Rules)
• Application Instructions & Forms (PDF)

Practice Task

Write a 4-line summary: entity type, qualifier name, experience basis, and primary scope. Keep this for future application items.

Module Video

What You’ll Learn

How Nevada sets a monetary limit, the documents that support it, how bonds are underwritten, and the insurance you must carry (GL, WC, umbrella).

Key Concepts & Examples

Topic	Plain-English Summary
Monetary Limit	Based on financial strength (assets, equity, working capital). The Board may request CPA-prepared statements for higher limits.
Bond	Set by the Board at approval; surety underwrites owners and company. Expect indemnity signatures.
Insurance	General Liability and Workers’ Comp are standard. Verify endorsements and certificate holder match.

Mini-Checklist

• Gather latest financials (preferably CPA-prepared for higher limits).
• Pre-underwrite bond at your target limit; list owners who will sign indemnity.
• Confirm GL/WC policies, limits, and renewal dates; prep certificate wording.

Resources

• Financial Statement Guide (PDF)
• Insurance Minimums & Endorsements (PDF)

Practice Task

Draft a one-page “Limit Strategy”: your current target limit, supporting financials, and plan to increase in 6–12 months.

Module Video

What You’ll Learn

Core contract clauses (scope, changes, payment terms), employee vs. independent contractor tests, certified payroll basics, and practical safety requirements.

Critical Clauses (with why they matter)

• Scope & Clarifications: prevents scope creep and disputes.
• Change Orders (COs): written approval before work; price components = labor + material + equipment + O/H + profit.
• Pay Terms & Retainage: know schedules, lien releases, and closeout paperwork.
• Insurance/Indemnity: aligns with your GL/WC and any umbrella requirements.

Mini-Checklist

• Build a CO template with sign-offs.
• Set weekly safety huddles with sign-in sheets.
• Confirm certified payroll process for public works.

Resources

• Subcontract Checklist (PDF)
• Certified Payroll Overview (PDF)

Practice Task

Create a 10-topic safety meeting agenda and a one-page CO pricing cheat sheet for your team.

Module Video

What You’ll Learn

How to preserve lien rights (private) and payment bond claims (public), timing windows, and proven test-taking tactics.

Timeline Quick-View (illustrative)

Path	Key Milestones
Private Project (Lien)	Preliminary notice → Record lien within statutory window → File suit within statute to enforce.
Public Project (Bond Claim)	Notice to the surety/prime per statute → Follow claim procedures → Keep proof of furnishing & dates.

Mini-Checklist

• Print PSI confirmation + required IDs.
• Bring your scheduling email & arrive early.
• Run two mixed 25-Q practice sets this week.

Resources

• Pre-Lien Timing Chart (PDF)
• PSI Exam Day Checklist (PDF)

Practice Task

Create a one-page “deadlines card” for private vs. public jobs you normally perform.

Module Video