A performance contract that guarantees operating cost savings must identify the specific dollar amount and units or percentages of consumption that the qualified service company anticipates will be eliminated or avoided on a long-term basis as a result of the operating cost-savings measures that the local government is implementing.
NRS 332.371
Requirements for performance contract that guarantees operating cost savings
Known as the Local Government Purchasing Act
The act spans §§ 332–332 (56 sections).
(Added to NRS by 2009, 965)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.