Friday, October 3, 2014


The San Diego Association of Governments (SANDAG) has partnered with The US Department of Transportation (DOT) to host a Bonding Education Program (BEP). Workshops are open to firms interested in subcontracting on the Mid-Coast Corridor Transit Project, including Disadvantaged Business Enterprises (DBEs) and Small Businesses (SBs). The BEP is a partnership with the Surety and Fidelity Association of America (SFAA) to help SBs become bond ready or increase their bonding capacity.

The goals of the BEP are to educate SB contractors about industry challenges and to assist participants in their efforts to obtain surety bonds, or increase their bonding capacity on Mid-Coast and other projects.

DATE: Wednesday, October 8, 2014

TIME: 4:00 PM - 7:00 PM (Dinner Will Be Provided)
  • Bonding and Insurance for New and Emerging Contractors: This workshop focuses on what surety bonds are and the various types of surety bonds, how to begin the process of obtaining a bond, the role of the agent/producer and underwriter, the prequalification process, the 3 “C’s” – capital, capacity and character, the costs of bonding, and how to develop a surety bond relationship. On the insurance side, the workshop covers the various types of insurances required (commercial general liability, Workers Compensation, etc.) and what to look for in an insurance agent relationship. The workshop also covers such programs as the SBA Bond Guarantee and Loan Programs, relevant state bond guarantee and loan programs, and any local bonding or financial support programs that might be available for emerging contractors. 
  • Estimating and Bidding: This workshop covers methods of computing measurements, including off-the-shelf estimating software, metric conversions and essential mathematical formulas for estimating and planning construction projects, and preparation of bid documents.


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