; copy to be provided to each subcontractor; failure to comply with requirements constitutes ground for disciplinary action against prime contractor.
1. Each prime contractor shall, before execution of a contract for construction, inform the owner with whom the prime contractor intends to contract of the provisions of NRS 108.245 in substantially the following form:
2. Each prime contractor shall deliver a copy of the information required by subsection 1 to each subcontractor who participates in the construction project.
3. The failure of a prime contractor to inform pursuant to this section owners and subcontractors with whom the prime contractor contracts is a ground for disciplinary proceedings under chapter 624 of NRS.