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Delaware bonds

Delaware — Local Union No. 74 Plumbing And Pipefitting Industry Wage & Fringe Benefits Bond

Use the Local 74 plumbing and pipefitting employer request to prepare wage and fringe security for this Delaware offering. Start the application with Purchase Now when the agreement and recipient details are ready.

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Recorded state
Delaware
Category
Employment, wages & benefits

What this bond does

This offering addresses employer payment obligations associated with Local 74, not the quality of a plumbing installation. The written agreement and required form establish the wages and contributions secured.

Who needs it
The plumbing or pipefitting employer responsible for the requested wage and fringe undertaking.
Who it protects
Match the form's union, fund or trustee recipients exactly. The job's general contractor and the benefit-fund recipient may have different roles; do not take the obligee name from unrelated project paperwork.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Check who requested the employer security

Keep the Local 74 or fund office's demand with the employer agreement. Identify the employing entity responsible for payroll and contribution reporting, including any account reference used by the requesting office.

An installation permit, contractor credential or construction payment bond does not establish this employer contribution security. Employee insurance and ERISA fidelity coverage for dishonest handling of plan assets also address different obligations.

Sources

Have these ready

  1. The Local 74 bond demand and applicable agreement.
  2. Employer legal identity and reporting reference.
  3. Wage schedule and fringe remittance instructions.
  4. Required recipient wording, form, sum and dates.
  5. The issued bond's execution and recipient delivery instructions.

Questions about this bond

Should the general contractor be named as recipient?

Follow the Local 74 request and required form. A project-contract recipient is not automatically the right recipient for union wage and benefit security.

Does the bond replace payroll or contribution payments?

The employer remains responsible for the secured payments and reports. Applying for a bond does not pay an outstanding balance or settle the employer's reporting obligations.

What amount and period should I request?

Neither is specified by this option. Use the current employer demand rather than the plumbing contract value or a different local's security schedule.

How does the provider application work?

Purchase Now opens Propeller in a new tab. Enter the employer and request information. After issuance, review the document, complete required execution and deliver it as instructed; the application alone is not acceptance.

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