A contractor that does only commercial work and has a monetary bid limit of $350,000 is required to pay what amount into the Residential Recovery Fund?

In Nevada, the Residential Recovery Fund is specifically designed to protect consumers in residential construction from financial loss due to contractor defaults, such as failure to complete a project or substandard work. Since the contractor in question operates exclusively in the commercial sector and holds a monetary bid limit of $350,000, they do not engage in residential construction work.

As a result, such contractors are not required to contribute to the Residential Recovery Fund, which is mandated for contractors who perform residential work. Therefore, the appropriate amount that the contractor must pay into the fund is correctly identified as $0. This distinction highlights that contributions are focused solely on those who impact the residential market.