NJ Laborers Local 472 wage bonds.
4% of the bond amount.
A contractor signatory to the collective bargaining agreement between Heavy & General Construction Laborers Local 472 (Newark) — negotiated with associations including the Utility & Transportation Contractors Association of New Jersey — and its signatory employers agrees to guarantee payment of the wages and fringe-benefit fund contributions it owes, including welfare, pension, defined-contribution, vacation, and training-fund payments the agreement specifies. It is a private contractual requirement between the union and its signatory employers, not a New Jersey statute. Premiums cost 4% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score.
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Apply to filed in one sitting.
No long underwriting queue for the standard wage-and-fringe bond — enter your amount, consent to a soft pull, and file with the union. Here is the whole thing:
Apply online
Your company details, the bond amount your CBA requires, the effective date, and a one-time consent to a soft credit pull.
Approved
Most Local 472 wage-and-fringe bonds clear quickly — the soft pull informs approval and never touches your score. Pricing is 4% of the bond amount, $100 minimum. Larger amounts may get a brief review.
File with the union
Your executed bond and power of attorney arrive by email, ready to file with Laborers Local 472 so your firm stays in good standing under the agreement. Wet-ink originals mailed on request.
What it is and who needs it.
What the Local 472 wages & fringe benefits bond actually guarantees
Heavy & General Construction Laborers' Local 472, headquartered in Newark, represents over 7,000 construction, highway, and mason-tender laborers across Hudson, Bergen, Passaic, Morris, Warren, Essex, Union, Middlesex, Hunterdon, Sussex, Somerset, and Monmouth counties. Its collective bargaining agreements — negotiated with associations including the Utility & Transportation Contractors Association of New Jersey and the Associated Construction Contractors of New Jersey — set out the wages and fringe-benefit fund contributions (welfare, pension, defined-contribution, vacation, and training/SET fund payments) a signatory contractor owes on every covered hour.
The wages-and-fringe-benefits bond backs that obligation. It is a three-party arrangement: the contractor (principal), the surety carrier, and Local 472 or its jointly administered trust funds (obligee). If a signatory contractor falls behind on payroll or fund remittances, the union or its fund trustees can make a claim against the bond to recover the delinquent amounts for the affected laborers and funds — it is a payment guarantee for the workforce, not insurance for the contractor.
The required bond amount is set by your CBA, not by state law — it varies by agreement and by the size of your Local 472 workforce. Confirm the exact figure with Local 472 or the association administering your agreement before you apply; enter that figure and your premium is priced from a $100 minimum after a quick soft credit check that never affects your score.
You need this bond if you are
One application, then a quick review.
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 →Common questions.
Other New Jersey bonds.
Stay signatory without the bond holdup.
Premiums 4% of the bond amount, $100 minimum. Enter the amount your CBA requires and file with Local 472 the same day.