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A Few Insights into Construction and Development in Louisiana Post-Pandemic/Pre-Recession
After surviving the pandemic and the mess it created with supply shortages, everyone is understandably ready to “take their toys out and play”. However, economists predicting a 70% chance of economic downturn this year, understandably everyone is guarded, especially in the construction and real estate development sectors. What’s Hot. As a result of the Infrastructure Investment and Jobs Act , it is anticipated that infrastructure will be huge this year in Louisiana. If you are planning to pivot into these markets this year, it is important that you familiarize yourself with public works laws and regulations that pertain to the public entity letting the job. Not only do different rules apply from federal to state jobs, but the rules may differ from jobs let by La DOTD and jobs let by other state agencies and local governments. Everything from bidding requirements to pay applications may be completely different depending upon who is the pu...