Course

Learning Lab 4 - Introduction to Bonds and Surety's

  • Date: 05/16/2024
  • Start Time: 3:00 PM Eastern Time
  • End Time: 5:00 PM Eastern Time
  • Instructor: Online Learning
    Online Learning
    Phone: 800-367-6447Fax: 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: Virtual Instructor-Led
  • Contact Hours: 2
Instructor: Kirk Buffington, FNIGP, NIGP-CPP, CPPO, C.P.M, MBA
 
Learning Lab 4: Introduction to Bonds and Surety's
 
Surety bonds play a crucial role in government procurement by mitigating the risks associated with contracting projects, ensuring accountability, and protecting taxpayer funds. They provide a level of assurance to the government that projects will be completed as agreed upon and that all parties involved will be fairly compensated. Surety bonds are a type of financial guarantee that ensures contractual obligations are fulfilled. In government procurement, surety bonds serve as a form of protection for the government and taxpayers against financial loss due to contractor default or failure to meet contractual obligations.




Pricing:
PriceCostBeginsEnds
Learning Lab 4 051624: Introduction to Bonds and Surety's (Member)$85.00 05/16/2024
Learning Lab 4 051624: Introduction to Bonds and Surety's (Non-Member)$185.00 05/16/2024
Learning Lab 4 051624: Introduction to Bonds and Surety's (Member) $85.00
Learning Lab 4 051624: Introduction to Bonds and Surety's (Non-Member) $185.00
(prices valid until May 15, 2024)

Objectives

By the end of this Lab, learners will be able to:
 
  • The difference between bonds and insurance
  • Understand the different types of bonds generally used in government procurement
  • Understand the risks associated with using other forms of bid security instead of surety bond
  • Understand the relationship between the contractor, the owner, and the surety

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.  


Miscellaneous

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
440 Monticello Avenue Suite 1802
PMB 63452
Norfolk, VA 23510


Sessions

Cancellation Policy

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. 

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Learning Lab 4 - Introduction to Bonds and Surety's