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Illinois bonds

Illinois — Sheet Metal Workers Union Local No. 73 Wage And Welfare Bond

Prepare the Sheet Metal Workers Local 73 employer wage/welfare demand with the agreement that applies to the work. Purchase Now begins this Illinois offering's application.

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Recorded state
Illinois
Bond type
Wage & Fringe Benefits Bond
Category
Employment, wages & benefits

What this bond does

The required Local 73 instrument establishes the employer wage and welfare payment undertaking.

Who needs it
The employing sheet-metal business asked to furnish the labor-payment security.
Who it protects
Follow the legal union, fund or trustee beneficiaries. The sheet-metal trade label alone does not establish every shop or field worker's inclusion.

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.

Use the agreement applicable to the employer's work

Keep the work/agreement reference, wage instructions and welfare reporting details with the demand. Do not assume all shop and field activities use one payment schedule solely because the business works in sheet metal.

The security does not establish fabrication quality or installation completion. Employee insurance, ERISA fidelity protection for dishonest handling of plan assets and project construction payment bonds have different purposes.

Sources

Have these ready

  1. Employer legal identity and Local 73 agreement.
  2. Current wage/welfare security request.
  3. Relevant work, payroll and fund reporting instructions.
  4. Complete recipients, form, requested amount and dates.
  5. Issued-document execution and submission directions.

Questions about this bond

Does the trade title include all shop and field work?

Use the agreement and required instrument for the actual work and secured payments. The title does not establish a universal classification schedule.

Does it protect the customer's fabricated product?

This offering concerns employer wage and welfare payments. Product quality and project performance are different undertakings.

Is a standard amount or period supplied?

Neither is stated here. Use the employer's current demand rather than a fabrication order value or another sheet-metal local's sum.

Where do I start online?

Purchase Now opens the Propeller application in a new tab. Enter the employer and request information. After issuance, review the bond and complete required execution and delivery. Recipient acceptance is a later, separate step.

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