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Beyond Letters of Credit: Understanding Surety Bonds for Builders & Developers

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Beyond Letters of Credit: Understanding Surety Bonds for Builders & Developers

November 26, 2026 (1:00 PM - 2:00 PM) (EST)

Description

We're Bringing This Session Online!
Following our recent Lunch & Learn, we're bringing this educational session to a virtual format, making it easier for more builders and developers to participate.
An Educational Webinar Presented by GOHBA's Mentorship & Education Committee.
As development costs rise and financing conditions remain challenging, builders and developers are looking for ways to protect working capital, manage risk, and meet project security requirements. But what are the options beyond traditional letters of credit and cash security? Join the Greater Ottawa Home Builders' Association (GOHBA) for an informative webinar featuring Diana Ho and Alan Sung of Platform Insurance, as they break down the fundamentals of surety bonding and explain how different forms of financial security can affect development projects.
What You'll Learn:
- Understanding surety bonds: How bonding works throughout the development life cycle and where it fits into project security requirements. 
- Letters of credit vs. surety bonds: Key differences and considerations when evaluating financial security options.
- What it means to be bondable: The financial and operational factors that influence bonding eligibility.
- Protecting working capital: How different security arrangements can affect liquidity and financial flexibility.
- Managing development risks: Practical considerations for evaluating bonding strategies in today's market.

Who Should Attend? Builders, developers, construction business owners, finance professionals, and anyone involved in development financing, project security, or risk management.

Learn, Understand, Ask Questions
This session is designed to provide practical education. Attendees will gain a clearer understanding of bonding concepts, common considerations, and questions to ask when evaluating their options.
Register today to build your understanding of surety bonding and make more informed decisions for your next development project.

Thursday, November 26, 2026
1:00pm-2:00pm

*This is a FREE webinar for all GOHBA members*

Meet the Speakers:

Diana Ho, Executive Director, Developer Solutions, Platform Insurance

Diana is an insurance and risk management professional with nine years of experience specializing in surety and construction. She spent seven years in enterprise risk management at BMO Financial Group, advancing to Assistant Manager, followed by 1.5 years in business development and client management. Her accounting background strengthens her financial and analytical expertise. Diana has managed complex accounts for leading developers and construction firms across the country. In senior leadership roles, she combines technical expertise with commercial strategy, delivering collaborative, market-driven solutions that create value for clients and partners.

Alan Sung, Executive Director, Developer Solutions, Platform Insurance

Alan brings extensive expertise in real estate, finance, and insurance. A graduate of the University of Toronto’s School of Architecture, he began his career in architecture before moving into financial services, where he helped fund leading Canadian retail and food brands and later underwrote development loans. He subsequently held senior underwriting and management roles with two of the world’s largest insurers, combining his architectural knowledge with financial expertise to support developers and general contractors. Today, Alan is Executive Director of Platform’s Developer Surety team and leads operations in Vancouver, driving innovative surety solutions for development projects across Canada. 

 


*This is a member-exclusive live webinar session. You will receive the link to the live session in your event reminder message one day prior to the event.

Event Contact
Christina Pliatsika
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November 26, 2026 (1:00 PM - 2:00 PM) (EST)

This is an online webinar.

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