A Missouri concrete finishing contractor who signs the collective bargaining agreement with Cement Masons Local No. 527, based in Bridgeton, is required to post a wage and welfare bond guaranteeing payment of covered wages and fringe-benefit trust fund contributions. Local 527 sets the amount from your anticipated covered payroll; premiums cost 4% of the bond amount, $1,000 minimum, after a one-time soft credit consent.
















Enter your amount, consent to a soft pull, and file with the local. Here is the whole thing:
Your company details, the bond amount Local No. 527 set for your anticipated covered payroll, and a one-time consent to a soft credit pull — no hard inquiry ever runs.
Most wage and welfare bonds at this size clear instantly. Pricing is 4% of the bond amount, $1,000 minimum. Larger requested amounts may get a brief review.
Your executed bond and power of attorney arrive by email, ready to file with Cement Masons Local No. 527 as required by the collective bargaining agreement. Wet-ink originals mailed on request.
A wage and welfare bond is a condition of the collective bargaining agreement between a signatory concrete finishing contractor and Cement Masons Local No. 527, a non-for-profit labor organization chartered by the Operative Plasterers and Cement Masons International Union, covering the greater St. Louis area. It is not a Missouri statute — it is a private contractual requirement the union imposes as a condition of the CBA.
It is a three-party arrangement: you (the contractor and principal), the surety carrier, and the local’s trust funds (the obligee). If a signatory contractor fails to remit the wages or the health, welfare, and pension trust fund contributions the CBA covers, the union can claim against the bond for the shortfall, and the contractor then owes the surety.
There is no single required amount — the local fixes a sum from your anticipated covered payroll. Enter the figure Local No. 527 gave you; your premium is priced at 4% of that amount, $1,000 minimum, after a one-time soft credit consent that does not affect 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, $1,000 minimum — is set at application.
Start the application →4% of the bond amount, $1,000 minimum, soft pull only. Enter the amount Local No. 527 set and file the same day.