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  • NASBP 2019 Virtual Seminar Package

    Contains 196 Product(s)

    The Annual Subscription is the most economical and convenient way  to participate in the 2019 NASBP Virtual Seminars.

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    Registration for the 2019 Virtual Seminar Annual Subscriptions, is now open and available only to NASBP Members, Affiliates, and Associates. Still only $995–that’s nearly half off what you would pay if you bought each of the nearly two dozen Virtual Seminars individually.

    Again in 2019, NASBP is offering a Subordinate Subscription, available online to the enrolled member location(s) of an NASBP maximum dues-cap member and the branch location(s) of an affiliate member. In order for a Member or Affiliate to be eligible for the Subordinate Subscription, one enrolled member location must already have purchased the Virtual Seminar Annual Subscription at the $995 fee. Then when any (or each) enrolled member location goes to register, it will be charged only the $250 Subordinate Subscription fee (If you are not seeing the subordinate subscription rate, please contact Professional Development at prodev@nasbp.org and request a subordinate discount registration code).

    Note: NASBP member firms that are not maximum dues-cap members but have several dues-paying members in different locations are still eligible for the Annual and Subordinate Subscriptions but due to database restrictions, the transaction must be completed manually through NASBP staff.  One location must first purchase the Annual Subscription at the $995 rate (payable online with a credit card), and then the dues-paying member location(s) should email prodev@nasbp.org and request a subordinate discount registration code to register at the discounted rate online.

    Virtual Seminar Annual and Subordinate Subscriptions are Non-refundable, cannot be pro-rated, and must be purchased by April 30, 2019.

    All Annual and Subordinate Subscribers will:

    • Be registered automatically for all Virtual Seminars held in 2019;
    • Automatically have access to recordings of all Virtual Seminars held in 2019;
    • Automatically have access to the library of past Virtual Seminars on-demand throughout the year!

    Each purchased registration, whether an Annual or Subordinate or one-time purchase, grants access to one computer login/phone connection per physical location.

    Interested in registering 14+ locations, additional discounts are available, please contact Professional Development at prodev@nasbp.org.


  • Killer Construction Contract Clauses 2nd Edition: Bond Producers Beware!

    Contains 3 Component(s) Recorded On: 09/25/2019

    In this follow-up to the first NASBP Virtual Seminar on Killer Construction Contract Clauses hosted in the fall of 2018, you will hear presenters Marilyn Klinger and Ali Salamirad share their stories and experience as they examine a variety of onerous construction contract clauses, both in prime contracts, subcontracts, and performance bonds. The presenters will explain why these clauses are problematic from a variety of perspectives and identify alternatives that can help solve the issues these clauses attempt to address. Attendees will also have the opportunity to submit their own questions and have them answered before and during the Virtual Seminar and have them answered during the live virtual seminar.

    In this follow-up to the first NASBP Virtual Seminar on Killer Construction Contract Clauses hosted in the fall of 2018, you will hear presenters Marilyn Klinger and Ali Salamirad share their stories and experience as they examine a variety of onerous construction contract clauses, both in prime contracts, subcontracts, and performance bonds. The presenters will explain why these clauses are problematic from a variety of perspectives and identify alternatives that can help solve the issues these clauses attempt to address. Attendees will also have the opportunity to submit their own questions and have them answered before and during the Virtual Seminar and have them answered during the live virtual seminar. 

    This critical topic presents an exciting opportunity for you to host this NASBP Virtual Seminar for your construction clients or to share the information on how they too can register to participate in this live or recorded Virtual Seminar.

    To submit questions to the presenters before to the live seminar, just click on the discussion tab above after you register, type in your question and click submit! 

    Marilyn Klinger

    Managing Partner, SMTD Law LLP

    Ms. Klinger serves as the Managing Partner of SMTD Law’s Los Angeles office. She is involved in all aspects of construction law on a state and national level, representing the full spectrum of the construction industry, from owners, contractors, subcontractors and sureties. Ms. Klinger’s practice includes time-related claims and litigation (e.g., delay/impact), legal advice and counsel regarding the contracting process (e.g., bidding and contract disputes/performance bond claims), payment enforcement/defense (e.g. payment bonds/mechanics liens/stop payment notices), administrative and scope claims and litigation (e.g., differing site conditions, change and extra work orders/inadequate plans and specifications and subcontractor substitutions) and counseling and transactional services to the construction industry (e.g., general advice and counsel, including contract preparation, evaluation and negotiation). In addition, she has extensive experience in dispute resolution including litigation, trial, appeals, arbitration and mediation.

    Jonathan J. Dunn

    Partner, SMTD Law LLP

    JONATHAN J. DUNN is a partner in SMTD Law LLP’s Irvine, California office. Jonathan focuses his practice in construction practices, surety law, creditor's rights and remedies, including bankruptcy and work-outs, and transactions relating to construction, debtor/creditor and commercial matters. Prior to forming SMTD, Jonathan was a partner at an international law firm, an in-house attorney with two national bonding companies where he handled construction defaults in the Western United States, and active in his family’s construction business. Jonathan is asked to write and speak frequently, and has written numerous articles and presentations. Jonathan is a vice chair of the AGC-California Legal Advisory Committee, active in the ABA’s Forum on Construction Law section, a prior Vice Chair of the Fidelity & Surety Law Committee, as well as involved in numerous other construction and surety associations and legal bar organizations. Jonathan obtained his J.D. from Seattle University School of Law (formerly Univ. of Puget Sound L.S.), and his Bachelor of Arts degree in Economics from UCLA in 1989. Jonathan is licensed to practice in California, as well as various federal, special and bankruptcy courts.

    Ali Salamirad

    Founding Partner, SMTD Law LLP

    Ali Salamirad is the founding partner of SMTD Law LLP.  Mr. Salamirad concentrates his practice in the areas of construction and surety law.  For over twenty years, Mr. Salamirad has counseled sureties in a variety of complex litigation and transactional matters.  Many of the nation’s leading surety companies and general and specialty contractors trust Mr. Salamirad’s guidance and counsel when dealing with the myriad of issues that arise in the construction industry.

    Mr. Salamirad has successfully handled a wide range of cases on federal, state and private construction projects, including bid disputes and protests, subcontractor substitutions, labor claims, extra work disputes, differing site condition claims, delay, productivity and efficiency claims, default terminations, takeover and completion efforts, and surety financing arrangements.

    imageSee your success with Old Republic Surety. Success can come from a ferocious appetite to win. Strength helps too. Choose a surety partner with the character to win. We write bid bonds, performance & payment bonds and maintenance bonds in all 50 states. Responsive, Reliable, Respected - Old Republic Surety.

  • NASBP 2020 VIRTUAL SEMINAR PACKAGE

    Contains 200 Product(s)

    ​Registration for the 2020 Virtual Seminar Annual Subscriptions, is now open and available only to NASBP Members, Affiliates, and Associates. Still only $995–that’s nearly half off what you would pay if you bought each of the nearly two dozen Virtual Seminars individually. Again in 2020, NASBP is offering a Subordinate Subscription, available online to the enrolled member location(s) of an NASBP maximum dues-cap member and the branch location(s) of an affiliate member. In order for a Member or Affiliate to be eligible for the Subordinate Subscription, one enrolled member location must already have purchased the Virtual Seminar Annual Subscription at the $995 fee. Then when any (or each) enrolled member location goes to register, it will be charged only the $250 Subordinate Subscription fee (If you are not seeing the subordinate subscription rate, please contact Professional Development at prodev@nasbp.org and request a subordinate discount registration code).

    image

    Registration for the 2020 Virtual Seminar Annual Subscriptions, is now open and available only to NASBP Members, Affiliates, and Associates. Still only $995–that’s nearly half off what you would pay if you bought each of the nearly two dozen Virtual Seminars individually. Again in 2020, NASBP is offering a Subordinate Subscription, available online to the enrolled member location(s) of an NASBP maximum dues-cap member and the branch location(s) of an affiliate member. In order for a Member or Affiliate to be eligible for the Subordinate Subscription, one enrolled member location must already have purchased the Virtual Seminar Annual Subscription at the $995 fee. Then when any (or each) enrolled member location goes to register, it will be charged only the $250 Subordinate Subscription fee (If you are not seeing the subordinate subscription rate, please contact Professional Development at prodev@nasbp.org and request a subordinate discount registration code).

    Note: NASBP member firms that are not maximum dues-cap members but have several dues-paying members in different locations are still eligible for the Annual and Subordinate Subscriptions but due to database restrictions, the transaction must be completed manually through NASBP staff.  One location must first purchase the Annual Subscription at the $995 rate (payable online with a credit card), and then the dues-paying member location(s) should email prodev@nasbp.org and request a subordinate discount registration code to register at the discounted rate online.

    Virtual Seminar Annual and Subordinate Subscriptions are Non-refundable, cannot be pro-rated, and must be purchased by June 1, 2020.

    All Annual and Subordinate Subscribers will:

    • Be registered automatically for all Virtual Seminars held in 2020;
    • Automatically have access to recordings of all Virtual Seminars held in 2020;
    • Automatically have access to the library of past Virtual Seminars on-demand throughout the year!

    Each purchased registration, whether an Annual or Subordinate or one-time purchase, grants access to one computer login/phone connection per physical location.

    Interested in registering 14+ locations, additional discounts are available, please contact Professional Development at prodev@nasbp.org.


  • Eliminate Manual Data Entry! Using Machine-Readable WIP Data for Better Reporting & Analysis

    Contains 3 Component(s)

    Data standards are used to help transmit unambiguous, transparent, timely financial information around the world, and most importantly, to eliminate manual data entry. Standards help convert data, buried in PDF files or spreadsheets, into machine-readable facts that can be automatically extracted into the financial management system of a data user (which could be the surety, a bank, or even a bond agent).

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    Data standards are used to help transmit unambiguous, transparent, timely financial information around the world, and most importantly, to eliminate manual data entry. Standards help convert data, buried in PDF files or spreadsheets, into machine-readable facts that can be automatically extracted into the financial management system of a data user (which could be the surety, a bank, or even a bond agent).

    Attend this 90 minute session to learn how data standards have already been created to represent the Work-in-Process Report and contractor financial statements. Learn about the various options available in the market today for preparing the WIP report in machine-readable format, and how machine-readable data will eliminate the laborious, time-consuming manual data entry that bond agents and sureties must go through today.

    Kristen Sharpe

    CPA – Senior Manager

    Kristen is a Senior Manager in Crowe Consulting with professional service experience in the construction and financial services industries.  She has worked with contractors, underwriting companies, bond producers and regulatory organizations in the surety industry in the areas of portfolio credit risk management, process improvement, compliance, and performance and profitability improvement. She has also managed the development and delivery of technology solutions in the construction industry for audit, tax and underwriting services.

    While Kristen has focused on consulting services in recent years, she is a CPA and her career began as an auditor at Crowe specializing in the construction industry.  She delivered audits to a variety of companies within the industry including design/build, general contractors, heavy/highway contractors, and various specialty contractors involved in electrical, interior, roofing, mechanical and water distribution projects.

    Michelle Savage

    Vice President, Communications

    Michelle Savage manages the education,marketing, communications and outreach efforts of XBRL US.  Ms. Savage joins XBRL from PR Newswire where she focused on developing services to help companies communicate their key messages and information to shareholders and potential investors. During her tenure at PR Newswire, Ms. Savage oversaw the introduction and sales of new services to corporate and agency investor relations executives. Within the XBRL US committee of the AICPA, Ms. Savage served as the vice chair of the Steering Committee as well as the Chair of the Adoption Working Group. Ms. Savage has been intimately involved in developing strategies for XBRL adoption in the US. Previously, she held positions as an equity analyst at Shearson Lehman Hutton and a marketing executive at Pepsi Cola. Ms Savage also served on the Board of the New York chapter of the National Investor Relations Institute where she was head of Programs, Sponsorship and Treasurer.

    Robert Coon

    Vice-President – Surety

    Robert M. Coon is the Vice-President – Surety for Scott Insurance.  Robert focuses exclusively on the surety industry where he has over 36 years experience as both an underwriter and agent.  Based in Greensboro, N. C. with clients throughout North Carolina & Virginia, Robert works with contractors ranging in size from startups to large multi-national contractors to maximize their surety program both in the USA and internationally. 

     A native of New Orleans, Robert earned his undergraduate degree in accounting from Louisiana State University.  Robert Chairs the Carolinas AGC Supplier/Service Co. Advisory Council.  He as served as president of the Piedmont Chapter of the CFMA and Carolinas Surety Association, as well as Chair of the NASBP Automation & Technology Committee

     Founded in 1864, Scott Insurance is a regional insurance agency serving clients through nine offices in NC, SC, TN and VA.   The company is one of the 100 largest independent insurance agencies in the country with access to over 50 insurance carriers.  Scott Insurance is a Best Practices Agency that focuses on the Risk Performance of its clients to help minimize their losses and insurance costs.  The employee-owners of Scott include experts in property & casualty insurance, surety, employee benefits, loss prevention, claims control and financial planning.  

    Peter Gibbs

    Director for the Office of Surety Guarantees (OSG) at the US Small Business Administration (SBA)

    Peter C. Gibbs is the Director for the Office of Surety Guarantees (OSG) at the US Small Business Administration (SBA) Headquarters in Washington, DC where he manages a staff of over 25 professionals at the organization’s headquarters and regional offices in Denver, CO and Seattle, WA.

     Mr. Gibbs joined OSG in 2005 and is responsible for developing and recommending policies and procedures, guidelines and criteria for evaluating and mitigating all programs and operation efforts; including those governing the regional office.  In addition to operations and personnel management, Peter works closely with Surety Companies who provide over $9 billion annually in surety bond credit to small businesses throughout the United States.

    Peter received his Bachelor of Science in accounting from Central State University and a Masters of Entrepreneurship from Western Carolina University.  Born in Trinidad and Tobago, West Indies and raised in Brooklyn, New York, he now resides in Bowie, Maryland with his wife Nikeya, 5 daughters Nicole, Caitlyn and Courtney (twins) and Laila and Liana (twins).

    David Hartman

    Director, Analytics

    David Hartman is a Director at IFIC Surety focused in analytics.  David is a member of the claims team but also works cross-functionally with underwriting and accounting on a project-by-project basis.  David is a licensed CPA with a background in insurance, information systems and venture capital.

    Brad Rasmussen

    Chief Information Officer

    Brad joined Merchants Bonding Company™ in 2014. Prior to joining Merchants, Brad held the role of Senior Director of Sales & Marketing Technology Delivery at Blue Cross/Blue Shield of Iowa. Prior to that, Brad was the CIO at GeoLearning, Inc. Brad has held numerous technology and business leadership positions in start-ups to large organizations. He is also an active member in the Technology Association of Iowa. He is a graduate of the University of Iowa.

    imageSee your success with Old Republic Surety. Success can come from a ferocious appetite to win. Strength helps too. Choose a surety partner with the character to win. We write bid bonds, performance & payment bonds and maintenance bonds in all 50 states. Responsive, Reliable, Respected - Old Republic Surety.

  • An Introduction to a Myriad of International Surety Markets

    Contains 3 Component(s) Recorded On: 09/10/2019

    As the world becomes more and more interconnected, the surety industry is becoming more and more global. Companies doing business around the world are finding surety requirements and the surety markets vary greatly from country to county. In addition, there is a growing trend of foreign contractors of all sizes coming to the U.S. to take advantage of the open and growing construction marketplace. This presentation will highlight differences between the U.S. and global surety markets and provide an overview of surety requirements around the world including in Germany and the European Union, Brazil and other Latin American countries and Dubai and countries of the Gulf Cooperation Council and more! International surety continues to be a significant opportunity for the surety industry and smart surety professionals need to understand these various markets. This session will provide a brief introduction to how surety operates around the world.

    As the world becomes more and more interconnected, the surety industry is becoming more and more global.  Companies doing business around the world are finding surety requirements and the surety markets vary greatly from country to county.  In addition, there is a growing trend of foreign contractors of all sizes coming to the U.S. to take advantage of the open and growing construction marketplace.  This presentation will highlight differences between the U.S. and global surety markets and provide an overview of surety requirements around the world including in Germany and the European Union, Brazil and other Latin American countries and Dubai and countries of the Gulf Cooperation Council and more!  International surety continues to be a significant opportunity for the surety industry and smart surety professionals need to understand these various markets. This session will provide a brief introduction to how surety operates around the world. 

    Mike Bond

    Head of Surety – North America

    Mike Bond is Head of Surety – North America for Euler Hermes North America.  Mr. Bond is responsible for extending Euler Hermes’ global surety platform into the United States and Canada.  In his role as Head of Surety, Mr. Bond oversees a growing team which serves contract and commercial surety customers in North America. Euler Hermes is one of the largest credit and surety providers in the world.  Prior to Euler Hermes, Mr. Bond held a variety of roles with Zurich North America, including the head of Zurich Surety and Head of Credit & Political Risk.

    Angelo J. Balestrieri

    VP with Euler Hermes’ North America Surety

    Angelo J. Balestrieri is a VP with Euler Hermes’ North America Surety team.  His surety focus is on international/reverse flow and large corporates.  Before joining Euler Hermes, Angelo worked in the surety arena for Zurich and AIG as well as in the corporate banking sector with several international banks including NatWest, Sumitomo, and Rabobank.

    imageSee your success with Old Republic Surety. Success can come from a ferocious appetite to win. Strength helps too. Choose a surety partner with the character to win. We write bid bonds, performance & payment bonds and maintenance bonds in all 50 states. Responsive, Reliable, Respected - Old Republic Surety.

  • How I Hacked a Construction Company

    Contains 3 Component(s) Recorded On: 07/23/2019

    During this presentation, David Anderson an information security consultant who simulates black hat hackers in order to assess the security posture of organizations. Anderson will outline a recent assessment where he hacked into a construction company and gained full access to all information. He will also review some of the key controls that could be implemented to help prevent or detect this kind of attack.

    During this presentation, David Anderson an information security consultant who simulates black hat hackers in order to assess the security posture of organizations. Anderson will outline a recent assessment where he hacked into a construction company and gained full access to all information. He will also review some of the key controls that could be implemented to help prevent or detect this kind of attack. 

     This important topic presents an exciting opportunity for you to host this NASBP Virtual Seminar for your construction clients or to share the information on how they too can register to participate in this live or recorded Virtual Seminar.

    David Anderson, OSCP

    Manager, Information Security, CliftonLarsonAllen LLP

    David Anderson is a manager and information security consultant with nine years of experience in the Information Technology field.  He has experience in networking, Linux, and managing a Microsoft Windows domain.  Currently, he performs, and provides project management for network penetration testing, vulnerability assessments, and social engineering engagements within a wide range of industries.

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    See your success with Old Republic Surety. Success can come from a ferocious appetite to win. Strength helps too. Choose a surety partner with the character to win. We write bid bonds, performance & payment bonds and maintenance bonds in all 50 states. Responsive, Reliable, Respected - Old Republic Surety.

  • Don’t Be Caught Off Guard: The Impact of the Trade War on Import Bond Sufficiency

    Contains 3 Component(s) Recorded On: 07/16/2019

    In the current trade environment, with the trade war that has been affecting more and more goods, surety companies writing customs import bonds are seeing more bond increases than ever before. This topic is more important than ever for surety bond producers and sureties to take a look at, as in last 12 months, U.S. Customs & Border Protection (CBP) has issued over 10,000 import bond insufficiency letters, five times the average number of annual increases for the past 10 years. Presenter Colleen Clarke of Roanoke Insurance Group Inc. will provide insight on how to properly determine bond amounts and how to assist your importer clients in projecting the proper bond amount going forward.

    In the current trade environment, with the trade war that has been affecting more and more goods, surety companies writing customs import bonds are seeing more bond increases than ever before.  This topic is more important than ever for surety bond producers and sureties to take a look at, as in last 12 months, U.S. Customs & Border Protection (CBP) has issued over 10,000 import bond insufficiency letters, five times the average number of annual increases for the past 10 years. Presenter Colleen Clarke of Roanoke Insurance Group Inc. will provide insight on how to properly determine bond amounts and how to assist your importer clients in projecting the proper bond amount going forward.

    Colleen Clarke

    Vice President, Surety Trade Relations & Business Development, Roanoke Insurance Group Inc.

    Colleen Clarke is Vice President, Surety, Roanoke Trade Services, Inc. She focuses on the review and analysis of CBP policy including new issues from the perspective of the surety underwriting group as well as the client services team. She manages the Roanoke Trade independent agent unit for U.S. Customs bonds. In 2008 Ms. Clarke was appointed to the 11th term of the Commercial Operations Advisory Committee (COAC) where she participates in several subcommittees. She serves as co-chair of the Surety Account Subcommittee within the Trade Support Network (TSN) and works closely with CBP as a representative on the Customs/Surety Executive Committee (C/SEC).

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    See your success with Old Republic Surety. Success can come from a ferocious appetite to win. Strength helps too. Choose a surety partner with the character to win. We write bid bonds, performance & payment bonds and maintenance bonds in all 50 states. Responsive, Reliable, Respected - Old Republic Surety.

  • In the Weeds: ESOPs for Construction Companies

    Contains 3 Component(s) Recorded On: 07/10/2019

    ESOPs can be an effective tool for exit planning, succession, and culture, if implemented properly and with the right company; and the current accounting for ESOP transactions is not necessarily intuitive. Both of these make ESOPS an important issue for all surety professionals. In this seminar we will explore the ESOPs effects on a company’s financial statements, resources and commitments, and discuss the following: what to ask and look out for when a company is considering an ESOP; good (and poor) candidates for ESOPs; benefits and challenges of an ESOP corporate structure; other commitments and changes that often accompany ESOP implementation; funding ESOP transaction debt, contributions and/or repurchasing obligations. The seminar will also include discussion of why construction companies with ESOPs can be attractive to bond producers and sureties.

    ESOPs can be an effective tool for exit planning, succession, and culture, if implemented properly and with the right company; and the current accounting for ESOP transactions is not necessarily intuitive. Both of these make ESOPS an important issue for all surety professionals. In this seminar we will explore the ESOPs effects on a company’s financial statements, resources and commitments, and discuss the following: what to ask and look out for when a company is considering an ESOP; good (and poor) candidates for ESOPs; benefits and challenges of an ESOP corporate structure; other commitments and changes that often accompany ESOP implementation; funding ESOP transaction debt, contributions and/or repurchasing obligations. The seminar will also include discussion of why construction companies with ESOPs can be attractive to bond producers and sureties.

     This important topic presents an exciting opportunity for you to host this NASBP Virtual Seminar for your construction clients or to share the information on how they too can register to participate in this live or recorded Virtual Seminar.

    Ben Lord

    Senior Manager at Albin, Randall & Bennett

    Ben Lord is a Certified Public Accountant, Certified Construction Industry Financial Professional (CCIFP) and Senior Manager at Albin, Randall & Bennett (ARB). He specializes in providing financial accounting, income tax planning and business consulting services primarily to construction and real estate development entities. He also directs the Firm’s overall Employee Benefit Practice, with specialized expertise in 401(k) plans, ESOPs and executive deferred compensation plans.  

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    See your success with Old Republic Surety. Success can come from a ferocious appetite to win. Strength helps too. Choose a surety partner with the character to win. We write bid bonds, performance & payment bonds and maintenance bonds in all 50 states. Responsive, Reliable, Respected - Old Republic Surety.

  • Special Circumstances in Surety Bonding: Death, Disability, Divorce, Departure, and More

    Contains 3 Component(s) Recorded On: 06/25/2019

    For more than a decade, presenter Michael Zisa has represented sureties and contractors in all aspects of their businesses. In this time, he has encountered a number of unique bonding issues and circumstances – some are legal and some are practical, but all are important for bond producers and underwriters to be aware of and understand. Life events and family and business issues often intrude on and complicate the contract bonding process. During this 60-minute NASBP Virtual Seminar, Mr. Zisa will discuss and provide insight from his experiences regarding the following: termination of indemnity obligations, friends and family indemnitors, death of the principal’s owner, death of an indemnitor, legal actions against a principal, joint ventures and the false claims act.

    For more than a decade, presenter Michael Zisa has represented sureties and contractors in all aspects of their businesses. In this time, he has encountered a number of unique bonding issues and circumstances – some are legal and some are practical, but all are important for bond producers and underwriters to be aware of and understand.  Life events and family and business issues often intrude on and complicate the contract bonding process. During this 60-minute NASBP Virtual Seminar, Mr. Zisa will discuss and provide insight from his experiences regarding the following: termination of indemnity obligations, friends and family indemnitors, death of the principal’s owner, death of an indemnitor, legal actions against a principal, joint ventures and the false claims act.

    Michael Zisa

    Partner, Peckar & Abramson

    Michael Zisa is a partner in the Washington, D.C. office of Peckar & Abramson, P.C. where he focuses his practice on surety, construction, and government contracts law and chairs the Firm’s Surety practice group.  He represents sureties, general contractors, subcontractors and owners in all aspects of their business – from contract review and negotiation to contract administration and claim analysis and development to litigation in federal and state as well as various contract appeals boards and alternative dispute resolution forums.  Mr. Zisa regularly speaks and writes on surety and construction issues and is recognized by Washington, D.C. Super Lawyers in the areas of construction litigation, surety and government contracts.

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    See your success with Old Republic Surety. Success can come from a ferocious appetite to win. Strength helps too. Choose a surety partner with the character to win. We write bid bonds, performance & payment bonds and maintenance bonds in all 50 states. Responsive, Reliable, Respected - Old Republic Surety.

  • How the New Lease Accounting Guidance Will Affect Contractor’s Financial Statements

    Contains 3 Component(s) Recorded On: 06/04/2019

    After working on this this project for 8 years, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 in February 2016 in response to criticism of the existing guidance for not providing financial statement users enough information about an entity’s leasing activities. The most significant change resulting from the ASU is that lessees will be required to put nearly all leases on the balance sheet by recognizing a right-of-use asset and a lease liability. The initial panic response that followed issuance of the ASU over 3 years ago has subsided, and most folks have since forgotten about the new standard entirely. Implementation is finally upon us though. Public business entities are required to adopt the lease standard for annual reporting periods beginning after December 15, 2018, with all other entities adopting the following year. This seminar will provide a high-level overview of how financial statements will be affected by the new guidance, including the effect on various performance metrics.

    After working on this this project for 8 years, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 in February 2016 in response to criticism of the existing guidance for not providing financial statement users enough information about an entity’s leasing activities.  The most significant change resulting from the ASU is that lessees will be required to put nearly all leases on the balance sheet by recognizing a right-of-use asset and a lease liability.  The initial panic response that followed issuance of the ASU over 3 years ago has subsided, and most folks have since forgotten about the new standard entirely.  Implementation is finally upon us though.  Public business entities are required to adopt the lease standard for annual reporting periods beginning after December 15, 2018, with all other entities adopting the following year.  This seminar will provide a high-level overview of how financial statements will be affected by the new guidance, including the effect on various performance metrics.

    This evolving topic presents an exciting opportunity for you to host this NASBP Virtual Seminar for your construction clients or to share the information on how they too can register to participate in this live or recorded Virtual Seminar.

    David Jean

    Principal, Albin, Randall & Bennett

    David Jean is a principal at Albin, Randall & Bennett specializing primarily in financial accounting and consulting for construction, manufacturing and real estate development companies. He provides tax, accounting and management advisory services to contractors, manufacturers and developers throughout New England. Mr. Jean also serves as the Managing Partner of New England Funds Control, LLC (NEFC), a wholly-owned subsidiary of ARB. NEFC specializes in providing funds control services for sureties, contractors and banks.

    Gisèle Couturier

    Manager, Albin, Randall & Bennett

    Gisèle Couturier, is a manager at Albin, Randall & Bennett focused on providing accounting and auditing services to construction and other commercial entities, not-for-profit organizations, and financial institutions. She holds a Bachelor’s degree from the University of Southern Maine and a Master’s degree from the Rochester Institute of Technology.  Gisèle is a member of the American Institute of Certified Public Accountants and the Maine Society of Certified Public Accountants. 

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    See your success with Old Republic Surety. Success can come from a ferocious appetite to win. Strength helps too. Choose a surety partner with the character to win. We write bid bonds, performance & payment bonds and maintenance bonds in all 50 states. Responsive, Reliable, Respected - Old Republic Surety.