Webinar Recording - Bonding: The Good, the Bad, and the Ugly

Overview

How can a public agency using the low-bid system in awarding public works contracts be sure that the lowest bidder is dependable? How can private sector construction project owners manage the risk of contractor failure? Most public agencies and construction contractors are familiar with the process of obtaining surety bonds, but they may not be aware of the legal relationships that bonds establish. Bonds confirm the relationships among the principal (the contractor), the obligee (usually the owner) and the surety. This session will answer these questions and more. Participants will get a brief overview of bonding and insurance, see an outline for timing, and be able to identify when to use a particular type of bond. This online training session is targeted to beginning procurement professionals.

What You'll Learn

1.  Describe the types of surety bonds
2.  Identify when to use a particular type of bond
3.  Give examples of how the surety provides the assurance that a contractor can perform

Presented By:

Registration and payment must be received 24 hours prior to the course start date. After this time, registrations will be based on space availability.  A full refund, less a $75 administrative fee will be given for cancellations made in writing 31+ days prior to the seminar date by emailing RegistrationInfo@nigp.org. No refunds are given for cancellations received within 24 hours of the seminar start date. There are no refunds for no-shows. If the seminar is cancelled for any reason, NIGP's liability is limited to the registration fee only.  

Attendee substitutions within the same agency may be done at any time with email notification to NIGP. If attending via scholarship, please provide documentation verifying the scholarship issuer's name and contact information in lieu of payment information. 

All cancellations must be made in writing by emailing registrationinfo@nigp.org. Once the login email is sent, registrants that are non-members are not eligible for a refund. Registered participants who do not attend will not receive credit. Need to miss the webinar due to a last minute meeting? There is no need to cancel. You won't receive credit, but you will still receive all the handouts and the recording link.

The content of this webinar is intended for informational purposes only. It is not intended to solicit business or to provide legal advice. Laws differ by jurisdiction, and the information in this webinar may not apply to every attendee. You should not take, or refrain from taking, any particular action based upon the information contained in this webinar without first seeking jurisdictional guidance.