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Yes. R.S. 38:2241(A)(2) provides that, for all public works contracts in excess of $25,000 per project, public entities require contractors to provide “a bond with good, solvent, and sufficient surety in a sum 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.”
Louisiana Legislative Auditor website: 08/02/2025 01:49:22 AM
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