Course

Learning Labs

Hands-On Workshops

An educational series that provides learners with best practice guidance on a variety of technical and hard skills needed for public procurement success.

Course Availability:

View upcoming dates for this course.

April 25, 2024
Learning Lab 1 042524: Introduction to Enterprise Risk Management (ERM) (Member) $85.00
Learning Lab 1 042524: Introduction to Enterprise Risk Management (ERM) (Non-Member) $185.00
(prices valid until Apr 24, 2024)
Time: 3:00 PM - 5:00 PM Eastern Time
Instructor: Online Learning
Level: Foundation
Virtual Instructor-Led
May 2, 2024
Learning Lab 2 050224: Understanding Insurance Regulation (Member) $85.00
Learning Lab 2 050224: Understanding Insurance Regulation (Non-Member) $185.00
(prices valid until May 1, 2024)
Time: 3:00 PM - 5:00 PM Eastern Time
Instructor: Online Learning
Level: Foundation
Virtual Instructor-Led
May 14, 2024
Learning Lab 3 051424: Risk Analysis and Procurement (Member) $85.00
Learning Lab 3 051424: Risk Analysis and Procurement (Non-Member) $185.00
(prices valid until May 13, 2024)
Time: 3:00 PM - 5:00 PM Eastern Time
Instructor: Online Learning
Level: Foundation
Virtual Instructor-Led
May 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)
Time: 3:00 PM - 5:00 PM Eastern Time
Instructor: Online Learning
Level: Foundation
Virtual Instructor-Led
May 23, 2024
Learning Lab 5 052324: Bid Bonds and Performance Bonds - A Deeper Dive (Member) $85.00
Learning Lab 5 052324: Bid Bonds and Performance Bonds - A Deeper Dive (Non-Member) $185.00
(prices valid until May 22, 2024)
Time: 3:00 PM - 5:00 PM Eastern Time
Instructor: Online Learning
Level: Foundation
Virtual Instructor-Led
May 30, 2024
Learning Lab 6 053024: A Look at Underwriting (Member) $85.00
Learning Lab 6 053024: A Look at Underwriting (Non-Member) $185.00
(prices valid until May 29, 2024)
Time: 3:00 PM - 5:00 PM Eastern Time
Instructor: Online Learning
Level: Foundation
Virtual Instructor-Led

Risk Management and Surety Bonds Learning Lab Series

Understanding and mitigating risk is essential for public procurement. This series of Learning Labs delves into the intricacies of risk management and the role of surety bonds.

3:00 - 5:00 PM ET
Contact Hours: 2

Thanks to our government partner


Join us for these enlightening and engaging sessions:

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Learning Lab 1: Introduction to Enterprise Risk Management (ERM)

This session will begin with an introduction to Enterprise Risk Management (ERM). ERM was introduced after the failure of large corporations such as ENRON and WorldCom. Traditional risk management is concerned with an organization’s pure risk, primarily hazards. ERM was developed to manage all of an organization’s risks, including operational, financial, and strategic. Procurement, either public or private, plays a major role in managing these risks.

 April 25


Learning Lab 2: Understanding Insurance Regulation

This session will focus on insurance regulation at the federal and state level, and why it is important for the procurement professional to understand regulation. Procurement works hand-in-hand with the agency risk manager and a shared understanding of terms will assist in more efficient enterprise risk management (ERM).

 May 2


Learning Lab 3: Risk Analysis and Procurement

Areas of risk analysis in procurement falls into two categories, strategic, and operational, and may arise from internal or external sources. The entity must consider and address procurement risks that may impact the entities strategic plan.

 May 14

Speaker

Kirk W Buffington, FNIGP, NIGP-CPP, CPPO, C.P.M., MBA, MLS

BIO


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.

 May 16


 

Learning Lab 5: Bid Bonds and Performance Bonds - A Deeper Dive

This session will focus on the different forms of bid security and how each may impact the contract and the due diligence that needs to take place prior to awarding a contract.

 May 23


Learning Lab 6: A look at underwriting (FREE Spots still available!)

This session will assist the student in understanding what the contractor and surety consider when the underwriters make determinations regarding issuing any type of bond.

 May 30