A contractor receiving an initial down payment or deposit of what amount for work concerning a residential pool or spa must start work within 30 days?

The correct answer is $1,000 because Nevada law stipulates that contractors who receive an initial down payment or deposit of $1,000 or more for specific work, such as the construction or installation of a residential pool or spa, are required to commence work within 30 days of receiving that initial payment.

This regulation is designed to protect consumers by ensuring that contractors cannot take large sums of money without a commitment to start the project within a reasonable time frame. It is a precautionary measure to prevent potential disputes regarding delays or non-performance after accepting a substantial upfront payment.

Amounts below $1,000 do not trigger the same requirement, allowing for more flexibility in the initial phases of smaller projects or less significant contractual agreements. Therefore, the threshold set at $1,000 is critical for establishing the expectations and obligations of the contractor once they receive a payment in that amount or greater.