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AFSB 152: Analyzing Contract Surety Bonding

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Gain a comprehensive understanding of contract bond suretyship. Through this course you’ll gain the skills needed for navigating the legal aspects of contract bonds, explaining the contract bidding process, underwriting contract bonds and special situations, using financial statements, analyzing work in progress, using trend analysis and forecasting, and handling contract surety claims. 


Skills You’ll Gain

checkmark Gain a comprehensive understanding of contract bond suretyship to serve all involved parties effectively: the principal, surety, and obligee.

checkmark Acquire a thorough grasp of contract bond underwriting practices to better help your organization develop and maintain a profitable book of business.

checkmark Enhance your ability to assess the specific risks and benefits within suretyship to improve risk selection and facilitate project success.

checkmark Familiarize yourself with contract pricing methods and terminology for navigating the legal and financial aspects of contracts.

checkmark Learn how to navigate the claims process to ensure fulfillment of the surety’s obligations and add value to your surety relationships. 

Ready-Made Career Skills:

  • Surety Bonds
  • Contract Management
  • Risk Assessment
  • Contract Pricing
  • Claims Handling
  • Trend Analysis
  • Trend Forecasting


Assignment 1:
Understanding Contract Bond Suretyship
25 Minutes
Assignment 2:
Navigating the Legal Aspects of Contract Bonds
25 Minutes
Assignment 3:
Explaining the Contract Bidding Process
20 Minutes
Assignment 4:
Underwriting Contract Bonds
40 Minutes
Assignment 5:
Using Financial Statements
35 Minutes
Assignment 6:
Analyzing Work in Progress
25 Minutes
Assignment 7:
Analyzing Contractors’ Financial Statements
60 Minutes
Assignment 8:
Using Trend Analysis and Forecasting
40 Minutes
Assignment 9:
Underwriting Other Contract Bonds and Special Situations
20 Minutes
Assignment 10:
Handling Contract Surety Claims
45 Minutes
Study Plan

Exam Prep Tools

AFSB 152 comes with proven, comprehensive study materials to help you pass The Institutes Designations' exam with confidence:

  1. Online Course and Textbook: Learn in the format that works best for you with a variety of study options depending on the course package you choose.  
  2. Practice Quizzes: Quickly see where your knowledge gaps are with online practice quizzes for each assignment and for the full course. You can take them as many times as you want!  
  3. Simulated Exam: Designed to give you the full experience of your final exam, the simulated exam is a timed exam that you can take only once. It mimics the exam structure and level of questions you’ll find on the actual exam. Students who take their Institutes simulated exam pass their exams at higher rates than students who don’t.
  4. Flashcards: Test yourself on key terms and topics for each assignment with flashcards that help you fit studying into your busy schedule if you select the recommended or standard course package. 


  1. Does this course give me credit toward The Institutes Designations? 
    • Yes! AFSB 152 gives you credit toward the Associate in Fidelity and Surety Bonding (AFSB®) designation.  
  2. How long does the course take? 
    • AFSB 152 typically takes students 6-8 weeks to complete. 
  3. How is The Institutes Designations' exam structured? 
    • Virtual exams are timed. You will have 65 minutes to complete 50 questions. 
  4. What’s included in my course materials? 
    • In addition to the online course, you have access to a textbook, assignment quizzes, practice exams, a simulated exam, and flashcards depending on the course package you choose. 
  5. How do testing windows work? 
    • We offer exams in 4 testing windows throughout the year. You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete any time until 11:59 p.m. ET on the final day of the window. 
      • Quarter 1: January 15 – March 15 
      • Quarter 2: April 15 – June 15 
      • Quarter 3: July 15 – September 15 
      • Quarter 4: October 15 – December 15