Oklahoma Sheet Metal Workers Local 124 bonds.
$200 flat.
A sheet metal contractor signatory to a Sheet Metal Workers' Local Union No. 124 collective bargaining agreement in Oklahoma City posts this $5,000 combined bond to guarantee the wages it owes and the fringe benefit contributions it reports. It is a bargaining obligation, not a state license. Ours is $200 flat.
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How much does an Oklahoma Sheet Metal Workers Local 124 bond cost?
$200 at the $5,000 amount, the same for every applicant.
Three steps. One sitting.
A union wage and fringe benefit bond at a fixed amount is one of the simplest filings in surety. Here's the entire process:
Apply online
Business details, your entity type, and an effective date. The only sensitive field is a soft credit-consent checkbox.
Pay & e-sign
Bonds like this are among the thousands of bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
Send it to the local
Your executed bond and power of attorney arrive by email, ready to send to Sheet Metal Workers' Local Union No. 124. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
When a sheet metal contractor signs a collective bargaining agreement with Sheet Metal Workers' Local Union No. 124 in Oklahoma City, it takes on the local's negotiated wage schedule and employer contributions to its benefit funds — typically health and welfare, pension, and apprenticeship or training funds. A combined wage and fringe benefit bond is the security the local can require a signatory contractor to post before it dispatches workers, or when a contractor has a history of late or short payments.
The bond guarantees that wages owed to Local 124-represented sheet metal workers and the fringe benefit contributions reported for them actually reach the people and funds they are owed to. If a contractor becomes delinquent, the local can make a claim against the bond, up to the bonded sum, to recover the shortfall; the surety then seeks reimbursement from the contractor. This particular filing sets the bond at $5,000 — confirm the figure and exact obligee wording on your own signatory paperwork before you buy.
It is not insurance for you — if the surety pays a claim, you repay the surety. This is a private, contractual bond, not an Oklahoma licensing requirement — no state agency issues it or receives it. The obligation runs from the collective bargaining agreement between the contractor and Local 124. The application includes only a soft credit consent, never a hard inquiry, and we track renewal so the filing stays continuous.
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 $5,000 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; a longer term is the same price per year, chosen at checkout.
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
Pay & e-sign. Bonds like this are among the thousands of bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
What sets the price
The premium is fixed at $200 at the $5,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or 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. The credit consent authorizes a soft pull only — a soft inquiry that never affects your score.
Start the application →Common questions.
Other Oklahoma bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Signatory status waiting on one bond.
$200 flat, soft pull only, bond often issued in the same sitting. Free until issued.