Prompt Pay & Construction 2026 State Legislative Update

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The 2026 legislative session brought meaningful changes to how Louisiana construction projects get paid, bid, and awarded. This session walks construction finance professionals through the amendments most likely to affect cash flow, contract administration, and procurement strategy. Attendees will examine how the revised Louisiana Prompt Pay Statute raises the financial consequences of late payment at every tier of the payment chain, from owners down to suppliers. The session then turns to the Public Works Act, covering new limits on a public entity’s ability to withhold contested liquidated damages and the updated requirements for compliant electronic bids. Finally, it reviews the revised selection procedures for construction management at risk and professional service contracts, including changes to committee composition, scoring, the prohibition on price-based selection, and the increased exemption threshold. CFOs, controllers, project accountants, and CPAs serving contractors will leave with a clear picture of what changed and where to adjust internal processes.