A contractor signatory to UA Plumbers & Gasfitters Local Union No. 5's collective bargaining agreement can be required to post a bond guaranteeing that wages and fringe-benefit trust contributions — health & welfare, pension, annuity, and apprenticeship — are paid as the agreement requires. It is a private, contractual requirement between the signatory contractor and the local's trust funds, not a Maryland statute. Premiums cost 4% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score.
















Wage and fringe-benefit bonds are straightforward to issue once you know the amount your CBA calls for. Enter it, consent to a soft pull, and you're done:
Your company details, the bond amount your collective bargaining agreement or the Local 5 trust funds require, and the effective date — plus a one-time consent to a soft credit pull.
Most wage-and-fringe bonds clear quickly; the soft credit pull informs approval and never affects your score. Pricing is 4% of the bond amount, $100 minimum. Larger amounts may get a brief review.
Your executed bond and power of attorney arrive by email, ready to hand to UA Local 5 or its trust fund administrator. Wet-ink originals mailed on request.
This bond is a payment guarantee running to UA Plumbers & Gasfitters Local Union No. 5 and its affiliated trust funds. A contractor that signs Local 5's collective bargaining agreement commits to paying covered employees' wages and to remitting fringe-benefit contributions — typically health & welfare, pension, annuity, and apprenticeship-fund payments — on the schedule the agreement sets.
It is a three-party arrangement: the signatory contractor (the principal), the surety carrier, and Local 5 or its trust funds (the obligee), protecting the covered workers whose benefits depend on timely contributions. If a signatory contractor fails to pay wages or remit contributions as agreed, the trust funds can make a claim against the bond — and if the surety pays, the contractor repays the surety. It is a labor-relations backstop, not insurance for the contractor.
This is a private, contractual requirement arising from the collective bargaining agreement, not a Maryland statute — the bond amount is whatever the local or the CBA calls for, and there is no single figure that applies to every contractor. Confirm your required amount with Local 5 or its trust fund administrator before applying; premiums are priced at 4% of that amount, $100 minimum, after a quick soft credit check that never affects your score.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — 4% of the bond amount, $100 minimum — is set at application.
Start the application →Priced at 4% of the bond amount, $100 minimum. Soft pull only. Enter the amount your CBA calls for and deliver to Local 5 the same day.