• Like
Surety Bonds in Government Contracting
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

Published

Jennifer Schaus JSchaus@JenniferSchaus.com presents a webinar on government contracting about Surety Bonds with Joshua Etemadi. Full audio and video at http://youtu.be/G8eYJNWurfI or contact …

Jennifer Schaus JSchaus@JenniferSchaus.com presents a webinar on government contracting about Surety Bonds with Joshua Etemadi. Full audio and video at http://youtu.be/G8eYJNWurfI or contact Jennifer Schaus at + 1 - 2 0 2 - 3 6 5 - 0 5 9 8

Published in Business , Economy & Finance
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
188
On SlideShare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
0
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Surety BondsGet The Facts!
  • 2. Surety Bonds in Govt ContractingGet The Facts!• Agenda– Introductions– Presentation– Q & A Please send your questions 
  • 3. Surety Bonds in Govt ContractingGet The Facts!–Introductions:• Fed Bid Speed – B2G Software Mngt Tool• Fierce Govt – Govt IT Publication• Joshua Etemadi – Construction Bonds, Inc.• Jennifer Schaus – JS & Associates
  • 4. Surety Bonds in Govt ContractingGet The Facts!• Fed Bid Speed* Software program to manage B2G Opps* Single click integration with FBO.gov* Share notes & project manage RFP’s
  • 5. Surety Bonds in Govt ContractingGet The Facts!• Fierce Government* Free Govt Newsletter* Agency News / Open Gov / Data Mngt* Analysis / White Papers / Events* In-depth & Quality = Differentiator
  • 6. Surety Bonds in Govt ContractingGet The Facts!Construction Bonds, Inc.XxxXxxXxxYour Logo
  • 7. Surety Bonds in Govt ContractingGet The Facts!• Jennifer Schaus & Associates• B2G Services and Events* GSA Schedules* Federal Sales / Marketing* Subject Matter Experts on Various B2G ComponentsB2G Govt Contractors Networking Event - March 19http://JenniferSchaus3.eventbrite.com
  • 8. Surety Bonds in Govt ContractingGet The Facts!
  • 9. Surety Bonds in Govt ContractingGet The Facts!Surety Bonds & Government ContractingWhat is a Surety Bond anyway?
  • 10. Surety Bonds in Govt ContractingGet The Facts!Requirements & Opportunities* Required for Fed / State / Local $100k +* Larger, more profitable contracts* Only 20% contractors are bonded* Can be differentiator / endorsement
  • 11. Surety Bonds in Govt ContractingGet The Facts!3 Types of Contract Surety BondsBid BondSubmitted in good faithContractor agrees to bid priceContractor submits Performance & Payment bondPerformance BondProtects owner/GC should contractor fail T/C’sPayment BondContractor will pay subs, laborers, material handlers
  • 12. Surety Bonds in Govt ContractingGet The Facts!Getting Started – The Steps* Get A Bonding Agent* Obtain a Construction Oriented CPA* Pull Your Credit Report* Review* Make Corrections* www.FTC.gov
  • 13. Surety Bonds in Govt ContractingGet The Facts!Bonding Advantages ---- The 3 “C’s”Character – Integrity, Credit, BackgroundCapacity – Experience, History, AbilitiesCapital – Cash is King!#4 – Commitment - Indemnity
  • 14. Surety Bonds in Govt ContractingGet The Facts!Presenting Your Case* Questionnaire, Resume, Business Plan, References* Financial Statements – Personal & Business* Work In Progress, Bank Statements* Project Documents* Bond Request* Breakdown* IFB / RFP* General Indemnity Agreement
  • 15. Surety Bonds in Govt ContractingGet The Facts!If Your Case Is Not Perfect, then what?* Collateral* Funds Administration* Small Business Administration (SBA)Invisible Guarantee (90% w T-listed)New Firms, Bankruptcies, Bank LOC, etc.* Private SuretiesBuyer Beware!
  • 16. Surety Bonds in Govt ContractingGet The Facts!How Long Does It Take?* 1stsubmission to surety = 1 week* 2 - 3 days after established* 1stcall to 1stbond = 5 – 6 monthsTIP: Don’t bid with a Cashiers Check!
  • 17. Please send your questions here 
  • 18. Jennifer Schaus & AssociatesJSchaus@JenniferSchaus.comwww.JenniferSchaus.com+ 1 – 2 0 2 – 3 6 5 – 0 5 9 8Josh EtemadiConstruction Bonds, Inc.7 0 3 – 9 3 4 – 1 0 0 0www.SBAbonds.com