The anticipation of the BEAD process and execution has left many frustrated and with more questions than answers. If you’re looking for fast solutions to respond to financial guarantee requirements regarding weighing Surety vs. Letters of Credit, we are here to help. This session will provide an overview of the principles of finance and surety, their role related to BEAD, and how progress and reporting impact ongoing financial compliance. Additionally, it will cover the education behind Surety underwriting nuances.

 Attendees will learn:

• BEAD financial guarantee options
• Discuss the various ways they have been accepted by the state (25% vs 10%, etc)
• How does different progress reporting provide acceptance of varied bond totals due to the reimbursed schedule
• How homes passed draws down liability
• Explain the differences between LCs and Surety bonds
• Key information underwriters will review to help qualify a program.  I
• How to work through taboo items like PE, Owner Changes, failed past projects, no experience, and position your company for surety program growth.