Course

On Demand: Surety Bonds: Limiting Risk and Financial Loss

  • Instructor: Online Learning
    Online Learning
    Phone: 800-367-6447 — Fax: 703-736-9644
    Online, self paced learning, anytime, anywhere you want. Be sure to check out all the ONLINE offerings we have! Recommendations? Comments? Please send us an email at the address listed above. We'd love to hear from you!
  • Level: Foundation
  • Format: On Demand
  • Contact Hours: 1

This self-paced course provides an overview of Surety Bonds. The surety process ensures that capable and qualified contractors are being used and protects the entity from financial loss due to contractor failure. This course describes the function of a surety bond and identifies the procurement requirements of an effective surety bond.

Pricing:
PriceCostBeginsEnds
Online: Surety Bonds: Limiting Risk and Financial Loss (Member Rate) $50.00  
Online: Surety Bonds: Limiting Risk and Financial Loss (Non-Member Rate) $100.00  
Online: Surety Bonds: Limiting Risk and Financial Loss (Member Rate) $50.00
Online: Surety Bonds: Limiting Risk and Financial Loss (Non-Member Rate) $100.00

Objectives

Upon successful completion of this course participants will be able to:

  • Define Surety Bond
  • Identify the common types of surety bonds used
  • Explain the considerations used in evaluating a contractor's bonding capacity
  • Explain the process used when a contractor defaults on a bond

Intended Audience

This offering is targeted to individuals who meet or exceed the following professional demographics:  

  • Entry-level public procurement and central warehouse professionals who serve as assistants, coordinators, buyers, or equivalent functions within their respective entities.   

  • Non-procurement managers and supervisors who are responsible for either the procurement function or staff who provide procurement functions under delegated authority.   

  • Professionals who are employed by governing entities and special authorities (such as K-12 and higher education, publicly-owned utilities, transportation providers, and other publicly-funded or created organizations) that either serve within or manage the procurement function.  

  • Suppliers or representatives of suppliers seeking to understand the public procurement function from a holistic level, including the policies, standards, and procedures by which public entities must function.  

Completion Requirements

  • Students must complete the course within 90 days
  • Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement
  • Learners will have three attempts at all graded assessments.
  • NIGP will not issue partial CEU credits
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Miscellaneous

Length

  • On-Demand. Learn on your schedule. On-demand training is for professionals who prefer to develop the skills they need on their time and at their pace. Learners can start, stop and rewind the lessons at your convenience.

System Requirements

Operating System:

  • Windows Vista SP2 or newer
  • Mac OS 10.5 or higher
  • Linux/Unix (any recent version)

Hardware:

  • Video Card
  • Sound card and headphones or speakers (some assignments have audio components)

Software:

Web Browser:

  • The last three versions of the major browsers: Firefox, Chrome, Safari, Internet Explorer
  • Other web browsers may work, but may not render all features of the courses
  • Cookies must be enabled
  • JavaScript must be enabled

Internet:

  • Reliable internet connection. Broadband cable or highspeed DSL is recommended for optimal experience.
  • E-mail account (to be able to register and to receive e-mail from the course system regarding registration, course status, etc.)
  • Linux/Unix (any recent version)

Payment Information

  • Register online with credit card
  • Register online and upload a Purchase Order
  • Register by fax and download the print & fax form

*FORM OF PAYMENT MUST ACCOMPANY REGISTRATION FORM FOR ORDER TO BE PROCESSED

Methods of Payment Accepted: Check (make checks payable to NIGP), Purchase Orders (via print and fax form or online), and Credit Cards (Master Card, Visa, and American Express).

If paying by check, please make check payable to NIGP and send payment to:
NIGP, Attn: Seminar Registration
2411 Dulles Corner Park, Suite 350
Herndon, VA 20171

Cancellation Policy

There are no refunds, all sales are final.

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On Demand: Surety Bonds: Limiting Risk and Financial Loss

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