Bonds are essential for contractors engaging in public work, ensuring the protection of public funds and guaranteeing project completion. This session will delve into the intricacies of obtaining bonds, enhancing bond readiness and maximizing bonding capacity.

Key Topics to be covered will include:

• Understanding Bonds: Learn what bonds are, who needs them, and their significance in public projects.
• Bond Preparation Strategies: Explore effective strategies to increase and boast bond readiness, ensuring qualification for bonding.
• Increasing Bonding Capacity: Discover techniques and best practices to enhance your bonding capacity, enabling you to take on larger projects.
• Qualification Process: Gain insights into the qualifications required to receive bonds and navigate the application process successfully.
• Introduction to bonding assistance programs and the cost associated with bonding.

This session will share valuable insights and practical tips. Whether you're new to bonding or seeking to maximize your bonding capacity, this event promises to equip you with the knowledge and tools necessary to thrive in the contracting sector.

Featured Speaker:

Lori Fay, president of Loxme Group Inc., started her career in the corporate sector, accumulating over 30 years of in-depth experience in Surety. Motivated by her commitment to her clients' success, she founded Loxme in 2018 to offer expert services in bonding and insurance, with a focus on supporting small and growing businesses. Lori is a board member of NAMC, a business coach with Columbia University’s CU Grow mentor program since 2017 and facilitates multiple workshops on bonding and insurance for various local and state agencies. She is dedicated to enhancing knowledge and assisting small businesses in navigating the complexities of obtaining Surety bonding.

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