Surety Bonds - Limiting Risk and Financial Loss | NIGP

Surety Bonds: Limiting Risk and Financial Loss

This self-paced course provides an overview of Surety Bonds. The surety process ensures that capable and qualified contractors are being used and protects the entity from financial loss due to contractor failure. This course describes the function of a surety bond and identifies the procurement requirements of an effective surety bond.

Course Availability:

View upcoming dates for this course.

Online: Surety Bonds: Limiting Risk and Financial Loss (Member Rate) $50.00
Online: Surety Bonds: Limiting Risk and Financial Loss (Non-Member Rate) $100.00
Instructor: Online Learning
Level: Foundation


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:  

  • 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.  

Delivery Formats Available


Contact Hours




Designed for public procurement professionals who are new to the profession or have 1-5 of experience.

UPPCC Domain Alignment

Domain 4

Available in this learning format...


This format is 100% self-paced and designed for those who want complete control of their schedule and learning timelines. Sessions are pre-recorded with lifetime access, ensuring there’s no expiration date.

Learn on your schedule

On-demand training is for professionals who prefer to develop the skills they need on their time and at their pace. Learners can start, stop and rewind the lessons at your convenience.

Completion Requirements

In order to successfully complete, learners must:

  • Complete all course modules.
  • Complete the post-course evaluation survey available in Aspire.