On Demand: Surety Bonds: Limiting Risk and Financial Loss

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

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.