The board may impose an administrative fine for engaging in business or submitting a bid without a contractor's license. What is the maximum fine?

The maximum administrative fine imposed by the board for engaging in business or submitting a bid without a contractor's license is indeed $50,000. This amount reflects the seriousness with which licensing regulations are treated within the contractor industry in Nevada. The high fine serves as a deterrent against operating without proper licensing, ensuring that all contractors adhere to the legal standards necessary to protect public safety, the quality of work, and ethical business practices.

By establishing such substantial penalties, the aim is to encourage compliance among contractors and maintain the integrity of the licensing process. This regulatory framework is essential in protecting consumers and ensuring that only qualified individuals and companies can perform contracting work.