Bonding Basics for Small Business
Bonding Basics for Small Business
Small businesses often are not as well-known and do not have the track record or finances to compete with larger businesses for certain procurement opportunities. With the backing of surety bonds, however, small businesses can competitively bid on government and private contracts. They instill trust in your company, make it even more reputable and keep the company compliant with regulations and laws. That is why it is important that all business owners know what bonds they need to operate legally and to protect their business.
In this workshop, we’ll discuss the various types of bonding options available as well as which bond might be right for your company. We’ll also cover:
- What are contract bonds?
- Why are bonds needed?
- How do I get a bond program to support my business?
Attend this free workshop and learn about the essentials of bonding so you can make an informed decision for your business.
Get Free Assistance with Government Contracting
The PTAC Team will discuss the free services offered to small business owners when exploring government contracting opportunities.
PLEASE NOTE: Once you have registered, a link to the webinar will be sent to you prior to the event with instructions.
John True, CPCU, AIA, CIC
Insurance & Bonding Agent, True Agency
John is currently an insurance and bonding agent with the True Agency. With nearly 40 years of experience in this field, he brings a broad spectrum of expertise and extensive knowledge to his role.
During his career, John has worked with numerous of contractors (small and large) in helping them to successfully obtain contract bond programs for their businesses. As a result of his dedication and longtime relationship with various construction industry associations, John is a highly sought-after speaker for the industry to present topics on the latest trends and information related to insurance and surety at many events and in a variety of forums including monthly Q&A sessions at formal business dinners as well as being interviewed many times as a subject matter expert for news outlets and trade publications.
He has been an instructor for both the New Jersey Chapter of the Construction Financial Management Association (CFMA) and the New Jersey Chapter of the National Electrical Contractors Association (NECA) to provide continuing education credits. John has served on several construction and electrical association boards in key roles including president, treasurer and secretary.
Maryann brings over 30 years of government contracting experience to her position as director of UCEDC’s PTAC program. She brings a unique perspective to the job as she’s held positions on both sides of the table – helping businesses to obtain government contracts as well as overseeing the government contract process for a manufacturing concern in New Jersey.
Following an 18-year tenure as a senior contracting official for Greenbrier Industries in Englewood Cliffs, Maryann served as director of the Rockland County PTAC for 13 years. She joined UCEDC in 2007, and under her direction, the PTAC program was awarded the 2010 “Outstanding Center Award” by the Association of Procurement Technical Assistance Centers (APTAC).
In her role as a procurement counselor with UCEDC’s PTAC program, Nadine assists small business owners with marketing and selling their products and services to federal, state and local government agencies.
With more than 20 years of combined experience in both the public and private sectors of government contracting, Nadine has a thorough grasp of how to navigate the government contracting system. She believes that this familiarity enables her to successfully help small businesses understand how to find, bid, win, and perform on government contracts.