Acquisition Hour: Learning about the Surety Bond Guarantee from the U.S. SBA

Failure to provide required contract bonds can result in an offeror being excluded from competition or a contractor being terminated for default!

Required contract bonds often include Bid Bonds, Performance Bonds, and Payment Bonds. The Federal Government will require that offerors provide Bid Bonds for any contract that requires Performance and Payment Bonds. Performance and Payment Bonds are generally required for federal construction contracts that exceed $150,000. In addition, Payment Bonds may be needed for federal construction contracts between $35,000 and $150,000.

Unfortunately, small businesses sometimes have a difficult time qualifying for, and obtaining, such bonds in the standard marketplace. Join us in this webinar and learn about the Small Business Administration’s (SBA) Surety Bond Guarantee Program and how the SBA can help you obtain the needed contract bonds at reasonable prices, terms, and conditions.

Speakers:

• Tamara Murray, Underwriting Marketing Specialist, Small Business Administration (SBA), Office of Surety Guarantees
• Benjamin Blanc, Government Contract Specialist, Wisconsin Procurement Institute

This webinar is eligible for 1 CPE credit.

View a schedule of all upcoming Acquisition Hour webinars.