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 course is targeted to individuals who meet or exceed the following professional demographics:
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Entry-level public procurement and central warehouse professionals who serve as assistants, coordinators, buyers, or equivalent functions within their respective entities.
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Non-procurement managers and supervisors who are responsible for either the procurement function or staff who provide procurement functions under delegated authority.
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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.
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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.
On-Demand