Obtaining Surety Bonds for Construction Projects

• Overview
• Agenda
• Faculty
• Credits

The current heightened risk environment caused by increasing contractor failures have raised concerns in the surety markets, however underwriting standards have not materially changed. What has changed is that sureties are more closely scrutinizing contractors' balance sheets and underwriting information to meet these standards and this trend will remain until the construction industry demonstrates real signs of recovery. Sureties have increased their examination of financial statements and use credit modeling to pinpoint contractors that present a higher risk profile and to adjust program commitments to reduce their risk. During this teleconference, we will discuss the top considerations for contractors looking to understand the new scrutiny sureties are placing on contractors' balance sheets and how to optimize surety capacity.

Learning Objectives

• You will be able to discuss surety market updates.
• You will be able to explain raising surety capacity.
• You will be able to review the 10-step surety underwriting process.
• You will be able to identify how to increase surety capacity in these economic times.

Faculty

James L. Bly, CPA, CPCU, Marsh USA, Inc.

Registration

To register for this live audio conference please dial 1-866-411-6211.