The Native American Contractors Association, known as NACA, is hosting its 2nd annual Conference and Expo on November 10-12 at Omni Rancho Las Palmas Resort & Spa in the Palm Springs area. The day conference will include a golf tournament, spa day, networking and wine tasting receptions, two days of of learning track sessions, and an exhibit hall.
Surety 1 will be exhibiting at the show and available to answer any questions about bonding, challenges Native American contractors can face, and a contractor can position itself to maximize bonding capacity. We’ll also be participating in a learning track session on November 12, from 10:10am – 11:10am to discuss the role of relationships of finance, credit, and bonding.
Bonding Native American contractors can pose some of the same challenges as bonding a job in favor of a Native American tribe, and it stems around sovereign immunity laws. Rightfully so, tribes operate as sovereign entities that operate with a unique set of laws and customs. With the surety industry relying on the corporate and personal guaranty of contractors, along with mediation in a court of law between the principal and obligee to handle disputes, the notion of sovereign immunity poses a real challenge to Native American contractors.
At Surety 1, we have the long standing relationships required to most adequately deal with sovereign immunity issues as it relates to surety credit. As either a Native American contractor, or a contractor working for a Native American tribe, you should plan on attending the NACA conference. It would only be a matter of time before an entity will ask you to procure a performance and payment bond. If you cannot make it, feel free to contact us to discuss all you need to know about bonding.