Introduction to Canada's Surety Bonding System Webinar (IISA)
Date and Time: September 26, 2023 10:00am - 12:15 pm MT
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for IISA members. Please register with your local Institute office: IIBC,
WEBINAR | BUILDING | TECHNICAL
How much do you know about the surety system and its functions? Surety bonds play an important role in managing construction contract risk. See both sides of the surety process from the perspective of the owner and the contractors bidding on and performing contracts. Find out how bonding compares to other risk management approaches in construction.
Understand how bonds differs from traditional insurance products
• Discuss how bonds work for purchasers and contractors/suppliers
• Compare bonds to other
approaches in managing contract risk (ie. Irrevocable Letters of
• Define electronic tenders and determine what constitutes a
legally enforceable e-bond
• Review the claims process for surety bonds
Identify resources for insurance and risk management professionals
to learn more about bonds
Sloat, Regional Director - Western Canada - Surety Association of
Bob has extensive
experience in the construction sector – in a provincial government (Housing
& Public Works; Municipal Affairs), industry associations at the national
level, and private industry. He is a graduate in Engineering of the Royal
Military College of Canada and served in the Royal Canadian Navy. His
career includes leading a mid-size construction company as President and
executive positions with a number of national trade
Based in Vancouver, he is responsible for representing
the surety industry, including business development and government relations, in
Western Canada. His primary role is to act as a resource person for large
public procurers; to explain the surety process and how owners and contractors
can get the most from it.
Bob is involved in government and industry sponsored committees
across the west focused on bettering the procurement process, especially for
infrastructure. He has been serving with the Surety Association of Canada
of Continuing Education Credits: AIC# 65657 2 CE Hour
General and Adjuster
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