Louisiana Bond Claim Notice

State:
Multi-State
Control #:
US-CONST3
Format:
Word; 
Rich Text
Instant download

Description

This form may be completed and used by a subcontractor or supplier who has not been fully paid on a project and is seeking payment from the surety (insurer) under the terms of a payment bond. In construction, a payment bond is a bond on the general contractor to ensure payment to subcontractors and suppliers.

How to fill out Bond Claim Notice?

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FAQ

Louisiana law has many provisions governing construction disputes. For example, the statute of limitations is set at one year for torts, such as when a construction project causes harm to another party. The statute is set at 10 years for contract disputes.

NOTICE OF RIGHT TO LIEN Your first step in protecting your lien rights is typically to serve notice of your right to file a mechanic's lien, often referred to as the ?Preliminary Notice?. It must be served on the owner and the general contractor. Unless you are working directly for the general contractor.

In general, you have 60 days from substantial completion of a project to file a mechanics lien in Louisiana. However, this deadline be shortened if a Notice of Contract was filed before work began and/or a Notice of Termination is filed at the end of the project.

Unlicensed Contractor Cannot Assert a Valid Lien under Louisiana's Private Works Act.

A statement of a claim or privilege: (1) Shall be in writing. (2) Shall be signed by the person asserting the same or his representative. (3) Shall contain a reasonable identification of the immovable with respect to which the work was performed or movables or services were supplied or rendered.

NOTICE OF RIGHT TO LIEN Your first step in protecting your lien rights is typically to serve notice of your right to file a mechanic's lien, often referred to as the ?Preliminary Notice?. It must be served on the owner and the general contractor. Unless you are working directly for the general contractor.

If the Notice of Contract is filed, a contractor has 60 days from the filing of a Notice of Acceptance to file a Louisiana mechanics lien. If no Notice of Contract has been filed, a contractor has 60 days from completion on the project to file a Louisiana mechanics lien if the contract amount is less than $25,000.

This free Louisiana Notice of Contract form is used in the state of Louisiana to formally designate the beginning of the project, which operates in the same fashion as a Notice of Commencement. A Louisiana Notice of Contract should be filed by the general contractor on any project valued at over $10,000.

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Louisiana Bond Claim Notice