Event Categories:REI Oklahoma REI Minority Business Center REI Women's Business CenterREI 7(j) Management & Technical Assistance Program

Event Details

The Role of Bonding in Securing Contracts

REI OKC Conference Center
318 NW 13th
Oklahoma City, OK
73103
Map and Directions

Date/Time:
February 27th, 2024
Start Time: 2:00 pm
End Time: 3:30 pm

Bonds provide financial security and assurance by assuring project owners that contractors will perform the work and pay specified subcontractors, laborers and other suppliers.

A surety bond is a risk transfer mechanism where the surety company assures the project owner that the contractor will perform a contract following the contract documents.

This session will cover the different types of bonds and how they are used.

  • How bonds work;
  • Why contractors need a bond;
  • Public vs. Private projects;
  • There are three basic types of bonds: Performance, Payment, Bid;
  • Other types of bonds;
  • Securing a bond;
  • Risk assessment;
  • Claims against a bond.

 

*This is an in-person workshop.

 

We are sorry but registration for this event is now closed.

Please contact us if you would like to know if spaces are still available.

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For more than 40 years, REI Oklahoma has helped Oklahomans build legacies they can pass down.

 

To better reflect everything we offer—and adapt to the evolving needs of our communities—we’re uniting all our programs under one clear brand: REI Oklahoma. The same trusted organization, now easier to navigate, with all our services in one place. Because when you knock, we open the door.

 

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