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Is a bond required for a project that is to repair an existing public school in Louisiana?

LouisianaBond Claims

We supply material to a contractor working direct for the school. Our materials will be about $50K and they've stated a bond is not required. Would like to verify.

6 replies

Dec 18, 2017
LA Rev Stat § 38:2241 states: "For each contract in excess of twenty-five thousand dollars per project, the public entity shall require of the contractor a bond with good, solvent, and sufficient surety in a sum of not less than fifty percent of the contract price for the payment by the contractor or subcontractor to claimants as defined in R.S. 38:2242." Thus, for all public projects exceeding $25,000 in Louisiana, and bond must be provided. If a bond has been executed, it should be available in the public record- Louisiana requires bond holders on public projects to record their bonds, though this requirement is not necessarily strictly adhered to.
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Jul 1, 2023

It's quite interesting. It's essential for public school projects to have a bond in place to ensure that the contractor completes the work as agreed. Bonds provide financial security and protect both the school and the taxpayers. By understanding these requirements, students like myself can gain insights into the complexities of construction projects. 

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Jul 1, 2023
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