Composition Roofers Local No. 10 requires a signatory roofing contractor to post a wage-and-welfare bond as part of its collective bargaining agreement — a guarantee that wages, health and welfare contributions, pension contributions, and other fund payments owed on behalf of Local 10 members reach the union's trust funds. The local sets the amount your contract requires; premiums cost 4% of the bond amount, $100 minimum, after a soft credit pull that never affects your score.
















Enter your amount, consent to a soft pull, and file the executed bond with the local. Here is the whole thing:
Your company details, the bond amount Local 10 set, and the effective date — plus a one-time credit consent that authorizes a soft pull only.
Most Local 10 wage-and-welfare bonds clear at application; pricing is 4% of the bond amount, $100 minimum. The credit consent authorizes a soft pull that never touches your score. Larger amounts may get a brief review.
Your executed bond and power of attorney arrive by email, ready to file with the local's benefit-fund office. Wet-ink originals mailed on request.
A wage-and-welfare bond is the security a building-trades union asks a signatory employer to post alongside its collective bargaining agreement. Composition Roofers Local No. 10 negotiates rates of pay and fringe-benefit contributions — health and welfare, pension, and similar funds — on behalf of its members, and the bond backs a contractor's promise to actually remit what the agreement requires.
It is a private, contractual requirement, not a New Jersey licensing statute: the arrangement runs between the contractor (the principal), the surety, and the union or its trust funds (the obligee). If a signatory contractor falls behind on wages or fund contributions covered by the agreement, Local 10 or the affected trust fund can make a claim against the bond, and the contractor then owes the surety for whatever it pays out.
There is no fixed statutory amount — the bond amount is whatever your agreement with Local 10 specifies, and it can be revisited as your union payroll changes. Enter the figure your contract requires; we price the bond 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 entity details and a one-time credit consent. That consent authorizes a soft pull only — it never runs a hard inquiry or touches your score.
Start the application →Priced at 4% of the bond amount, $100 minimum, after a soft pull only. Enter the amount Local 10 set and file the same day.