New York Steamfitters Local 638 wage & fringe bonds.
From $100.
A contractor who signs the collective bargaining agreement with the Enterprise Association of Steamfitters Local No. 638 can be required to post a bond guaranteeing its wage and fringe-benefit contributions to the local's trust funds. Premiums cost 4% of the bond amount, $100 minimum, and your exact price appears at the application.
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How much does a New York Steamfitters Local 638 wage & fringe bond cost?
4% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Enter your amount, complete the short application, and file with the local. Here is the whole thing:
Apply online
Your business details, the state of incorporation, the bond amount the trust funds set, and the effective date.
Issued on the spot
The application includes a one-time credit consent that authorizes a soft pull only — never a hard inquiry, never affecting your score. Most applicants approve instantly.
File with Local 638
Your executed bond and power of attorney arrive by email, ready to file with the Local 638 trust funds administrator. Wet-ink original mailed on request.
What it is and who needs it.
What the wage & fringe benefits bond actually guarantees
When a steamfitting contractor signs the collective bargaining agreement with the Enterprise Association of Steamfitters Local No. 638, the local's trust funds — the wage, fringe-benefit, pension, and annuity funds that receive the employer's per-hour contributions — can require the signatory contractor to post a bond backing those payments. It is a condition of the labor agreement, not a New York statute.
It is a three-party arrangement: you (the principal), the surety carrier, and the Local 638 trust funds (the obligee), with covered steamfitters and their benefit accounts as the protected parties. If a signatory contractor falls behind on the wage or fringe-benefit contributions the agreement requires, the trust funds can claim against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond amount is set by the trust funds against your anticipated payroll under the agreement, and typically renews for the life of your signatory status.
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 Local 638. Your executed bond and power of attorney arrive by email, ready to file with the Local 638 trust funds administrator. Wet-ink original 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, issued fast.
These are the actual issuing fields, including your state of incorporation and a one-time credit consent that authorizes a soft pull only. Your exact price — 4% of the bond amount, $100 minimum — is set at application.
Start the application →Common questions.
Other New York bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your Local 638 bond filed.
4% of the bond amount, $100 minimum, with your exact price at the application. Free until issued.