A contractor who signs the collective bargaining agreement with Operating Engineers Local No. 139, the Pewaukee-based local of the International Union of Operating Engineers (IUOE), AFL-CIO, covering Wisconsin and Michigan's Upper Peninsula, is required, as a condition of that agreement, to post a wage and welfare bond guaranteeing payment of covered wages and fringe-benefit contributions. Local 139 sets the amount from your anticipated covered payroll; premiums cost 2.5% of the bond amount plus a $25 fee, $125 minimum, after a one-time credit consent authorizing a soft pull only.
















The bond form comes from the Local on a case-by-case basis; the application itself is short. Enter your amount, consent to a soft pull, and file with the Local. Here is the whole thing:
Your company details, the bond amount Local 139 set for your anticipated covered payroll, and a one-time consent to a soft credit pull — no hard inquiry ever runs.
Most wage and welfare bonds at this size clear instantly. Pricing is 2.5% of the bond amount plus a $25 fee, $125 minimum. Larger requested amounts may get a brief review.
Your executed bond and power of attorney arrive by email, ready to file with Operating Engineers Local No. 139 as required by the collective bargaining agreement. Wet-ink originals mailed on request.
A wage and welfare bond is a condition of the collective bargaining agreement between a signatory contractor and Operating Engineers Local No. 139, the Pewaukee, Wisconsin-based local of the International Union of Operating Engineers (IUOE), AFL-CIO, representing operating engineers across Wisconsin and Michigan's Upper Peninsula. It is not a Wisconsin statute — it is a private contractual requirement the Local imposes as a condition of the CBA.
It is a three-party arrangement: you (the contractor and principal), the surety carrier, and Local 139's benefit trust funds (the obligee). If a signatory contractor fails to remit the wages or the fringe-benefit contributions the CBA requires into the Local's health, pension, and training trust funds, the union can claim against the bond for the shortfall, and the contractor then owes the surety.
There is no single required amount — Local 139 fixes a sum from your anticipated covered payroll and provides the bond form directly, on a case-by-case basis. Enter the figure the Local gave you; your premium is priced at 2.5% of that amount plus a $25 fee, $125 minimum, after a one-time credit consent authorizing a soft pull that does not affect your score.
These are the actual underwriting fields, including a one-time credit consent authorizing a soft pull only. The pull never affects your score, and your price — 2.5% of the bond amount plus a $25 fee, $125 minimum — is set at application.
Start the application →2.5% of the bond amount plus a $25 fee, $125 minimum, soft pull only. Enter the amount the Local set and file the same day.