NY Steamfitters Local 638 wage & fringe bonds.
4% of the bond amount.

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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Required of signatory steamfitting contractors under the Local 638 collective bargaining agreement

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Amount set by the Local 638 trust funds based on your anticipated payroll and contribution schedule

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4% of the bond amount, $100 minimum — your exact price appears at the application

4% rate$100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

Enter your amount, complete the short application, and file with the local. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the state of incorporation, the bond amount the trust funds set, and the effective date.

INSTANTLY

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.

SAME DAY

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.

About this bond

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.

Local No. 638 collective bargaining agreementThis bond is required by the Enterprise Association of Steamfitters Local No. 638 as a condition of the collective bargaining agreement a contractor signs to employ Local 638 members — it is a contractual trust-fund requirement, not a New York statute or ordinance. Confirm your required amount and filing details directly with the Local 638 trust funds administrator.

You need this bond if you are

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A contractor signing the Local 638 collective bargaining agreement for the first time

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A signatory contractor renewing an existing wage & fringe benefits bond

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Bidding work that requires Local 638 steamfitters and needs the bond on file to sign

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Replacing a lapsed or cancelled bond to stay current with the trust funds

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 →

FAQ

Common questions.

How much is the Local 638 wage & fringe benefits bond?Premiums cost 4% of the bond amount, with a $100 minimum. The amount itself is set by the Local 638 trust funds against your anticipated payroll under the collective bargaining agreement — enter that figure and your exact price appears at the application.

What amount should I enter?The bond amount the Enterprise Association of Steamfitters Local No. 638 trust funds administrator set for your firm. If you have not been given a figure, contact the trust funds office before applying — the amount is theirs to set, not ours.

What does the bond guarantee?It backs your obligation, as a signatory contractor, to remit wage and fringe-benefit contributions to the Local 638 trust funds on the schedule the collective bargaining agreement requires. If you fall behind, the trust funds can claim against the bond.

Do I pay the full bond amount?No. You pay the premium — 4% of the bond amount, $100 minimum — not the bond amount itself. That figure is the trust funds' maximum recovery if a valid claim is made, not a deposit.

Where do I file it?With the Enterprise Association of Steamfitters Local No. 638 trust funds administrator. We deliver the executed bond and power of attorney by email, ready to submit as part of your signatory paperwork.

Related bonds

Other New York bonds.

Get your Local 638 bond filed.

4% of the bond amount, $100 minimum, with your exact price at the application. Free until issued.

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Your premiumfrom $100

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