Louisiana SB235 amends public contract payment rules, ensuring timely payments and attorney fees for non-compliance.
Louisiana SB235 modifies existing laws regarding payments under public contracts. It mandates that public entities must pay all amounts due under a contract, including overhead and profit, even if the contract is declared null and void. The bill retains the requirement for public entities to pay all obligations arising from a contract, including change orders, when they are due. If a public entity fails to make progressive stage payments within 45 days of a certified request for payment, it becomes liable for reasonable attorney fees and interest.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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