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2. Certificate of occupancy - Wikipedia

   en.wikipedia.org/wiki/Certificate_of_occupancy

   A certificate of occupancy is evidence that the building complies substantially with the plans and specifications that have been submitted to, and approved by, the local authority. It complements a building permit —a document that must be filed by the applicant with the local authority before construction to indicate that the proposed ...

3. Construction contract - Wikipedia

   en.wikipedia.org/wiki/Construction_contract

   A construction contract is a mutual or legally binding agreement between two parties based on policies and conditions recorded in document form. The two parties involved are one or more property owners and one or more contractors. The owner, often referred to as the 'employer' or the 'client', [1] has full authority to decide what type of ...

4. Surety - Wikipedia

   en.wikipedia.org/wiki/Surety

   Surety. In finance, a surety / ˈʃʊərɪti /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal ...

5. Project Labor Agreement - Wikipedia

   en.wikipedia.org/wiki/Project_Labor_Agreement

   A Project Labor Agreement (PLA), also known as a Community Workforce Agreement, [ 1 ] is a pre-hire collective bargaining agreement with one or more labor unions that establishes the terms and conditions of employment for a specific construction project. [ 2 ] Before any workers are hired on the project, construction unions have bargaining ...

6. Law of Louisiana - Wikipedia

   en.wikipedia.org/wiki/Law_of_Louisiana

   Law in the state of Louisiana is based on a more diverse set of sources than the laws of the other 49 states of the United States. Private law —that is, substantive law between private sector parties, principally contracts and torts—has a civil law character, based on French and Spanish codes and ultimately Roman law, with some common law ...

7. Performance bond - Wikipedia

   en.wikipedia.org/wiki/Performance_bond

   Performance bond. A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money, intended to secure a futures contract, commonly known as margin.