Learning Labs

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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PREVIEW WEBINAR - APRIL 16

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

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

Speaker

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

BIO

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 

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