Amendments to Federal Regulations Provide Contracting Officers a New Cudgel with Which to Threaten Treasury Listed Sureties
Events today and yesterday at the 2015 NASBP Annual Meeting & Expo in San Diego have revealed several ways in which the Association addresses leadership development of surety professionals. In fact, this fall NASBP is offering a unique conference focusing on executive leadership skills. NASBP's Leadership Conference for Surety Professionals, taking place Oct. 22 in Nashville, is designed to be a valuable new resource to help bond producers and other surety professionals and their companies thrive, NASBP First Vice President Susan Hecker said at the Annual Meeting
Join us for the NASBP Virtual Event—Being Present and Connecting Surety in a Virtual World ! This first of three events in the NASBP Virtual Event Series will take place on Wednesday, July 22 from 1:00 p.m. to 3:00 p.m. Eastern, and offers two session designed to help you and your business succeed in the new normal
The final rule becomes effective August 22, 2022. See Final Rule published in the Federal Register here: https://www.federalregister.gov/documents/2022/07/22/2022-15622/past-performance-ratings-for-small-business-joint-venture-members-and-small-business-first-tier
It is effective 60 days after publication in the Federal Register, and until then, the former guidance (M-22-11) remains in place. 4 I
This issue is particularly of concern to the surety industry, since the Financial Accounting Standards Board (FASB) isssued its Exposure Draft, Revenue from Contracts with Customers in June 2010. The FASB proposal would have a significant and undesirable impact on how contractors prepare their financial statements and how surety professionals review their financial documents. Comments on the Exposure Draft were due to FASB on October 22, 2010. #RiskManagement #CommentLetters #Industry #Associates #ConstructionIndustry
NASBPLetter_FileRef1820-1001.pdf
On Thursday, August 22, 2013, NASBP submitted the following recommendations to the Maryland DOT regarding their emergency regulations on the implementation of the DOT's P3 program
NASBP Maryland 2013 P3 Comment Letter.pdf
Our office has actively participated in multiple committees, assisting CBP in navigating the complexities of this process. While acknowledging that CBP’s release may not be flawless, many companies are likely to find these guidelines valuable. In the past, specific bond amounts, particularly for Importer and Drawback bonds, were standardized. However, regulations gave local ports (Customs offices) flexibility in determining bond amounts for other types
Insurance Automation Group (Booth #20) Advanced Digital Technologies Brings New Efficiencies and Benefits to the Surety Value Chain Crowe (Booth #12) “Submit It and Get It” Experience for Surety Agents: Automation that Underscores the Importance of Surety Agents, While Providing Deeper Insights into Contractor Data InRev (Booth #22) The Modern Surety Bond Underwriter The Institutes RiskStream Collaborative (Booth #5) The insurance industry’s largest member-led non-profit blockchain consortium aiming to streamline data flow and verification, while reducing time, cost, and risk. PledgX (Booth #17) PledgX Helps You Manage Risk and Service in Surety Bonding by Turning Data into AI-driven Actionable Insights Tinubu (Booth #18) Which is Better: Building Your Own Surety Technology Solution or Buying One Off-the-Shelf? Xenex (Booth #15) Eyes on Technology in the Surety Industry Resources / Links: XBRL-US Standards to Automate Processing for Contractors, Agents & Sureties Webinar XBRL-US Data Collection in Surety Underwriting Infographic Presentation: Standards to Improve Data Collection in Surety Underwriting Surety Automation website - Surety Data Standards NASBP WIP Spreadsheet for XBRL - Convert your WIP reports to XBRL formatted data
Level I is intended for in-house bond department staff, producers new to contract surety, and those new to the industry...The three-day course culminates with a review of all subject matter presented in an interactive, participatory format