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Transform your leadership style: learn to coach and inspire others to achieve results.
This session will focus on insurance regulation at the federal and state level, and why it is important for the procurement professional to understand regulation. Procurement works hand-in-hand with the agency risk manager and a shared understanding of terms will assist in more efficient enterprise risk management (ERM).
Terry Blueblood Recreation Center
From Entry to Excellence
Whether you’re just getting started in public procurement, or you’re veteran who needs a little refresher on the fundamentals so you can move into a management role, you can’t afford to miss NIGP VCON 2024.
From Entry to Excellence
Whether you’re just getting started in public procurement, or you’re veteran who needs a little refresher on the fundamentals so you can move into a management role, you can’t afford to miss NIGP VCON 2024.
Developing critical thinking and problem-solving skills is essential for personal growth and professional success. NIGP‘s dedicated learning experience empowers procurement practitioners to define critical thinking in terms of leadership, evaluate solutions using a problem-solving process, and collaborate to build viable solutions. This activity-based course provides a foundation level understanding of problem-solving and critical thinking, enabling learners to analyze complex issues and make informed decisions. Enhancing these skills will greatly benefit individuals in their procurement careers, allowing them to effectively navigate challenges and drive positive outcomes.
Areas of risk analysis in procurement falls into two categories, strategic, and operational, and may arise from internal or external sources. The entity must consider and address procurement risks that may impact the entities strategic plan.
Surety bonds play a crucial role in government procurement by mitigating the risks associated with contracting projects, ensuring accountability, and protecting taxpayer funds. They provide a level of assurance to the government that projects will be completed as agreed upon and that all parties involved will be fairly compensated. Surety bonds are a type of financial guarantee that ensures contractual obligations are fulfilled. In government procurement, surety bonds serve as a form of protection for the government and taxpayers against financial loss due to contractor default or failure to meet contractual obligations.
This session will focus on the different forms of bid security and how each may impact the contract and the due diligence that needs to take place prior to awarding a contract.
This session will assist the student in understanding what the contractor and surety consider when the underwriters make determinations regarding issuing any type of bond.