This bond is not created by Iowa statute or state agency rule. It arises from the bonding and delinquency provisions of the collective bargaining agreement between a signatory contractor and the North Central States Regional Council of Carpenters, and runs to the North Central States Regional Council of Carpenters Benefit Funds as obligee. The bond guarantees the contractor’s payment of wages and contributions to the Pension, Health, Vacation, Training, Labor Management Cooperation Trust, United Brotherhood of Carpenters Training Fund, Contract Administration Fund, and Working Dues funds named in the agreement. The bond amount, the triggering conditions, and any alternative security (letter of credit or escrow) are set by your specific agreement or by the fund trustees — confirm the exact figure and terms with the Council’s Benefit Funds office or your business agent before applying.

What the wage & fringe benefit bond actually guarantees

You need this bond if you are

Most amounts clear quickly — the soft pull informs your price and approval, and never affects your score. Your executed bond will arrive by email, ready to file with the Council.

4% of the bond amount, $100 min.: the North Central States Regional Council of Carpenters wage and fringe benefit bond for a signatory Iowa contractor.

North Central States Regional Council of Carpenters — Wage & Fringe Benefit Bond

North Central States Regional Council of Carpenters - Wage & Fringe Benefit

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.