Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0015
Organization's ID:
AFSB 152
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
12 weeks (48 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Contract Surety or Business Law or Finance
Description

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 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
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials