New Jersey Laborers Local 472 wage bonds.
From $100.
A contractor signatory to the collective bargaining agreement with Heavy & General Construction Laborers Local 472 agrees to post a bond guaranteeing payment of the wages and fringe-benefit fund contributions it owes. It is a private contractual requirement, not a New Jersey statute. Premiums cost 4% of the bond amount, $100 minimum.
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How much does a New Jersey Laborers Local 472 wage bond cost?
4% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
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 sets the price
The premium is 4% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
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.
Price and requirements checked on the carrier’s application, . Page updated .
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.