IUEC wage & fringe benefit bonds.
4% of the bond amount.
A contractor signatory to an International Union of Elevator Constructors (IUEC) local agreement posts this bond so the wages withheld and fringe benefit contributions it reports each month actually reach the local’s trust funds. The IUEC’s national office sits in Columbia, Maryland, and several IUEC-affiliated locals and benefit funds administer from the state. It is a collective bargaining obligation, not a Maryland licensing requirement. Premiums cost 4% of the bond amount, $100 minimum. The application includes a credit consent, but it authorizes a soft pull only.
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Apply to filed in one sitting.
A letter of assent usually comes with a start date attached, and the fund office wants the bond in hand before the first monthly report. This one is built to move:
Apply online
Your company details, the state where the covered work is performed, the bond amount the fund office named, an effective date, and the credit consent that authorizes a soft pull. That is the application.
Issued
Most applications approve instantly. The credit consent authorizes a soft inquiry that never affects your score, and no hard inquiry ever runs on this bond.
Send it to the fund office
Your executed bond and power of attorney arrive by email, ready to send to the IUEC local’s fund office that administers the plans and collects the monthly reports. Wet-ink original mailed on request.
What it is and who needs it.
What the IUEC wage and fringe benefit bond actually guarantees
When an elevator contractor signs a letter of assent to an IUEC local agreement, it takes on negotiated payroll deductions and employer contributions on top of wages — typically covering health and welfare, pension, and apprenticeship/training funds. This wage-and-fringe-benefit bond secures the contractor’s obligation to actually remit what it withholds and owes each reporting period.
The IUEC’s national headquarters is in Columbia, Maryland, and several IUEC-affiliated locals and benefit funds — including Local 7 — administer from the state, which is why this filing sits in Maryland’s catalog even though covered work can occur in any IUEC local’s jurisdiction; the application asks you to name the state where the covered work is performed.
This is a private, contractual bond, not a Maryland licensing requirement — no Maryland agency issues it or receives it. The bond amount is set by your IUEC local’s fund office rather than by statute, so confirm the exact obligee wording and figure with that office before the bond is issued. We price it from a $100 minimum, and the application includes only a soft credit consent — never a hard inquiry.
You need this bond if you are
One application, priced on the spot.
These are the actual issuing fields, including the state where the covered work is performed. The credit consent authorizes a soft pull only — a soft inquiry that never affects your score.
Start the application →Common questions.
Other Maryland bonds.
Signatory status waiting on one bond.
4% of the bond amount, $100 minimum. Enter the sum the fund office named and send it to your IUEC local’s fund office the same day. Free until issued.