NY Carpenters fringe benefit bonds.
2.5% of the bond amount plus a $25 fee.
A contractor signatory to a New York District Council of Carpenters collective bargaining agreement posts this bond to guarantee the wage and fringe-benefit fund contributions owed for covered carpenters. The Council sets the bond amount; the premium is 2.5% of the bond amount plus a $25 fee, $125 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 fringe-benefits bond — enter your amount, pay, and route the executed bond to the Council. Here is the whole thing:
Apply online
Your business details, the bond amount the Council required, and the effective date — that is the entire application.
Issued
A soft credit check informs approval — it never affects your score. Most applicants finish in one sitting; the rest clear within 48 hours.
File with the District Council
Submit the executed bond to the New York District Council of Carpenters to satisfy your signatory contractor filing. Wet-ink originals mailed on request.
What it is and who needs it.
What the fringe-benefits bond actually covers
A contractor that signs a collective bargaining agreement with the New York District Council of Carpenters agrees to pay covered carpenters' wages and to make ongoing contributions to the Council's wage and fringe-benefit funds — health, pension, annuity, and training. The Council can require a signatory contractor to post a bond guaranteeing those payments before dispatching members to a job.
This is a private, contractual requirement set by the collective bargaining agreement and the Council's trust agreements — not a New York statute. The obligee is the New York District Council of Carpenters itself, and the bond amount is set by the Council based on the contractor's covered payroll and contribution history, not a fixed figure in law.
It is a three-party arrangement: the contractor (the principal), the surety carrier, and the District Council (the obligee), protecting covered carpenters' wages and benefits. If a contractor falls delinquent, the Council can pursue the bond up to its amount; if the surety pays, the contractor repays the surety. It is not insurance for the contractor.
You need this bond if you are
One application, priced in the same sitting.
Enter the bond amount the District Council set. A soft credit check may inform approval — it never affects your score.
Start the application →Common questions.
Other New York bonds.
Carpenters fringe fund bond, priced today.
2.5% of your bond amount plus a $25 fee, $125 minimum, soft pull only. Free until issued.