Owner to Prime Contractor (Private): 10 days from receipt of invoice.
Prime Contractor to Subcontractor (Private): 14 days from receipt of payment from owner.
Interest/Penalties (Private): Interest at a rate of 0.5% per day, but the total interest may not exceed 15% of the amount due, plus reasonable attorney fees if payment was withheld without reasonable cause.
Owner to Prime Contractor (Public): 45 days follow receipt of certified request for payment.
Prime Contractor to Subcontractor (Public): 14 days from receipt of payment from owner.
Interest/Penalties (Public): Interest at a rate of 0.5% per day, not to exceed 15% of the amount due, plus reasonable attorney fees if payment was withheld without reasonable cause.
Pay-If-Paid Permissible: Yes.
Special Notes: Contractor must share interest payments received from owner proportionately with its subcontractors within 10 business days of receipt.
Disclaimer: This information was published on July 1, 2020. Please contact Josh Levy, Eric Meier or Samantha Schacht for modifications made by Louisiana since that date. Visit our 50-State Construction Law Map for information on other states.