Program Agenda – Northern Virginia

Your Path to Surety Bonds: What Small Businesses Need to Know!

 

August 1, 2019
8:00 am – 1:00 pm EDT

George Mason Enterprise Institute
4031 University Drive, Suite 100
Fairfax, VA 22030

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8:00 – 8:30 am Participants Arrive – Check In
8:30 – 8:35 am Welcoming Remarks & Program Overview 

Antonio Doss, District Director Washington Metropolitan Area District Office
Chris Downey, Vice-Chair, NASBP Small & Emerging Business Committee

8:35 – 8:45 am Small Contractor Success Story

Mitch Tibbals, Owner, Branair
A local small construction business will provide its story of obtaining financial and surety credit and building it resources network.

8:45 – 10:00 am 75 Minutes on Bonding and Insurance 

Josh Etemadi, Assistant Vice President, Construction Bonds Inc.
Edin Zukanovic, Surety Bond Agent, Construction Bonds Inc
Various types and purposes of surety bonds and how small, emerging, and underserved contractors can begin the process of obtaining bonding. Construction accounting principles and financial systems that every small, emerging, and underserved contractor must know and adhere to for successful bonding relationships and business.

10:00 – 10:30 am 30 Minutes on Banking & Finance

Tommy Heou, Financial Analyst, Office of Capital Access
How to obtain a loan and business lines of credit, and establish a working relationship with a banker and access SBA loan programs.

10:30 – 10:35 am Break/Mid-morning Networking
10:35 – 11:05 am 30 Minutes on Risk Management and Legal Concerns

Martha Perkins, General Counsel, NASBP
Performance risk, construction law, contracting issues, including change orders and equitable contract price adjustments and remedies available to contractors involved in legal disputes.

11:05 – 11:20 pm Federal Assistance Programs

Peter Gibbs, Director, SBA Office of Surety Guarantees
SBA Surety Bond Guarantee Program and other SBA resources available to assist small, emerging and underserved businesses.

11:20 – 11:50 am Local Procurement Opportunities

Ralph Buchanan, Small Business Specialist, GSA Office of Small Business Utilization
The Federal procurement process, as well as ways that a small business can access state, local, and private contracting opportunities.

11:50 – 12:00 pm Other Resources
12:00 – 12:10 pm Producer Insights for Success 

Opportunity for speakers to provide last items of advice

12:10 – 12:15 pm Concluding Remarks: Wrap-Up/Additional Resources
12:15 – 1:00 pm Network with a Surety Professional

NASBP & local SBA-Authorized Agents invited

Join the U.S. Small Business Administration and the National Association of Surety Bond Producers for a half day seminar on securing contract surety bonds.

  • Contract Bonding & Insurance…discussing the various types of surety bonds and the process of obtaining contract surety bonds
  • Banking & Finance…how to obtain bank lines of credit and establish a working relationship with a banker to support your contract bonding program
  • Risk Management & Legal Concerns…handling performance risk and contracting issues, plus available remedies for legal disputes
  • Construction Accounting…construction accounting principles and financial systems for your firm’s success in securing and maintaining contract bonding
  • Federal Assistance Programs…SBA’s Surety Bond Guarantee Program and loan programs for small, emerging, and under served businesses
  • Local Procurement Opportunities…navigating the federal procurement process and accessing federal, state, local, and private contracting opportunities
  • Networking with Surety Professionals…speak with presenters and other attendees, including agents available on site to assist you with applying for contract bonding