Objective:
The course objective is to provide students with an in-depth knowledge of contract surety bonding.
Learning Outcomes:
- Describe the legal framework for contract bonding
- Identify and apply contract bond claim procedures
- Apply key production and underwriting contract bond concepts and principles
- Analyze and evaluate construction contractor financial and credit information
General Course Topics:
- Foundations of contract bond suretyship
- Legal aspects of contract bonds
- The contract bidding process
- Foundations of contract bond underwriting
- Financial statements
- Analyzing work in progress
- Techniques for analyzing contractors' financial statements
- Analyzing a contractor's financial statement
- Trend analysis and forecasting
- Underwriting other contract bonds and special situations
- Contract surety claims