Demystifying Insurance in Public Procurement Part 4: Construction Contracts Demystified

Date: October 9, 2024
Time: 1:30 pm - 2:30 pm
Location: Virtual

The final installment of our public procurement insurance series! This webinar concludes our in-depth exploration of insurance for public procurement, focusing on construction-specific coverages crucial for successful project completion.

By the end of this session, we’ll have covered:

  • Payment & Performance Bonds: Learn their importance, how they differ from insurance, and how they ensure contractor accountability.
  • OCIP Policies: Explore this comprehensive coverage for both owners and contractors, including benefits, risks, and implementation.
  • Builder’s Risk & Installation Floaters: Understand coverage duration, parties involved, and how these policies work alongside others.
  • Pollution Liability: Discover the types of pollution risks covered and explore crucial insurance options (PLL, CPL, SSPL).

Join us to gain the knowledge and tools to confidently manage construction project risks!


About the Demystifying Insurance in Public Procurement Series

The ever-changing landscape of public procurement can feel overwhelming, especially when navigating intricate insurance requirements. Whether you’re new to procurement or seeking to refine your existing knowledge, this four-part series, designed and delivered by the CollegeBuys Professional Development Workgroup specifically for California Community College procurement professionals, equips you with the tools to confidently manage insurance requirements and ensure successful project execution.

Gain Invaluable Knowledge Across Four Webinars:

  • August 21 | 1:30PM-3:30PM Introduction to Insurance Requirements: Establish a solid understanding of insurance in public procurement. Explore key contract terms, different types of coverage, and the review and approval process.
    Register for Part 1
  • September 11 | 1:30PM-2:30PM Special Insurance Needs in Public Contracts: Stay ahead of the curve by learning about special types of insurance, including cyber security, sexual abuse and molestation, and special event coverage.
    Register for Part 2
  • September 25 | 1:30PM-2:30PM Mastering Advanced Insurance Concepts: Equip yourself with advanced knowledge on California-specific regulations, self-insured retentions, and waivers of subrogation.
    Register for Part 3
  • October 9 | 1:30PM-2:30PM Construction Contracts Demystified: Focus on construction-specific coverages such as payment and performance bonds, the differences between bonds and insurance, OCIP policies, builder’s risk, and pollution liability.
    Register for Part 4