Nevada State Contractors Board (Rev 3/21)
Application for Single Project Limit Increase Page 2 of 3
SECTION 2 – FINANCIAL STATEMENT REQUIREMENTS
1. Financial Statement Requirements: You must submit a current financial statement (statement) with this application
t
hat meets the following criteria.
• Financial statements must be for the applying entity. Sole proprietorships and each general partner of a general
partnership must submit their personal statement.
• All statements must be in U.S. dollars.
• Business statements must include a classified balance sheet.
• Personal statements that have been prepared by a Certified Public Accountant must include a supplemental
schedule disclosing working capital and net worth.
For Requested Monetary Limits of $10,000 or less you must provide one of the following:
o A current financial statement prepared by an independent certified public accountant; or
o A current financial statement submitted on a form prescribed by the Board (available on the Board’s websit
e
w
ww.nscb.nv.gov
, click on contractor forms); or
o A current financial statement (Balance Sheet) prepared using accounting software in accordance with
generally accepted accounting principles and accompanied by an affidavit that verifies the accuracy of the
f
inancial statement.
To prevent a delay in the processing of your application, if you are unfamiliar with preparing your own
financial statement, you are encouraged to seek the advice of an Accountant.
Note: Self-prepared or compiled statements must be current to within six months from the date t
he
app
lication is received.
For Requested Monetary Limits more than $10,000 but less than $50,000 you must provide one of the
following:
o A compiled financial statement prepared by an independent certified public accountant, current within 6
months from the date the application is received; or
o A reviewed or audited financial statement, prepared by an independent certified public accountant, current
within one (1) year from the date the application is received.
For Requested Monetary Limits of $50,000 or more but less than $250,000 you must provide one of the
following:
o A compiled financial statement with full disclosures, prepared by an independent certified public accountant,
current within 6 months from the date the application is received; or
o A reviewed or audited financial statement, prepared by an independent certified public accountant, current
within one (1) year from the date the application is received.
For Requested Monetary Limits of $250,000 or more: you must provide a financial statement that is prepared and
reviewed or audited by an independent certified public accountant, current within one (1) year from the date the
application is received.
SECTION 3 – PROJECT INFORMATION
P
roject Name: _______________________________________________________________________________
I
ntended Bid Date: __________________ Limit Requested: __________________________
P
roject Address: _______________________________________ ______________________________________
(Street Address) (City, State, Zip)
Detailed Description of Work: __________________________________________________________
____________________________________________________________________
____________________________________________________________________
