Construction Law Monitor

JANUARY 17, 2012

Growing up in South Louisiana, originally from Baton Rouge and now residing in New Orleans, I’ve had a really rough week being a sports fan. When then end of the project rolled around, there would be no substantial competion filed, no adequate demand for payment , no lien filed or any other tool used to secure payment.

Lien 66

Lien Construction Contract Defense 66

Levelset

MAY 20, 2022

Contractors on public projects aren’t allowed to file mechanics liens when payment problems arise. Instead, public construction projects need to secure a payment bond prior to the start of work. Additionally, performance bonds need to be secured if the contract is in excess of $100,000. Working in nearby Louisiana?

Texas 52

Texas Claims Contract Legal 52

Buisness Facilities Contributed Content

MARCH 21, 2014

FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The company’s obligation to repay the loan is secured by a direct-pay Letter of Credit from a bank rated ‘A’ or better. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

APRIL 15, 2014

The Participating Lender sets all the terms and conditions of the loan (including premium levels, maturity dates, fixed or variable interest rates, secured or unsecured, amortization schedule, etc.) The Securities Industry and Financial Markets Association tracks the weekly average municipal interest rate from 2000 to current.

Income 108

Income Finance Zoning Employment 108