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Bonds & Insurance Requirements

SNWA requires bonds and insurance for some types of purchases.

There are typically four types of bonds required for Southern Nevada Water Authority construction contracts and some purchases:

Bid Bond
Performance Bond
Labor and Material Bond
Guaranteed Bond

Commercial general liability and automobile insurance are required for construction contracts and larger goods and services contracts.

The following are contracts which require bonds and insurance:

Construction contracts more than $100,000 require all four types of bonds and insurance
Service contracts may require performance bonds
Insurance may be required on some commodity contracts and professional service contracts
Bid bonds and performance bonds are rarely required on commodity