Illinois IBEW Local No. 146 Wage & Fringe Benefit Bond
Overview
Illinois contractors working under IBEW Local No. 146 agreements are required to carry this Wage & Fringe Benefit Bond as a condition of their labor arrangement. This bond guarantees that covered workers will receive the wages and fringe benefits owed to them under the collective bargaining agreement. If a signatory contractor fails to pay, the bond provides a financial remedy for the union and its members. Bond Titan makes it fast and straightforward to get bonded and stay in good standing with Local 146.
Who Needs This Bond?
Electrical contractors, subcontractors, and signatory employers who have entered into a collective bargaining agreement with IBEW Local No. 146 in Illinois need this bond. Any company that employs IBEW Local 146 members on job sites in the union's jurisdiction is a likely candidate. If your company signed a labor agreement with Local 146 and was told to produce a surety bond before work begins or continues, this is the bond you need.
What is this Bond For?
This bond protects IBEW Local No. 146 members by guaranteeing their employer will pay all wages and fringe benefits owed under the collective bargaining agreement. Fringe benefits typically include contributions to health and welfare funds, pension funds, vacation funds, and other negotiated benefit programs. If the employer defaults on those obligations, the union can make a claim against the bond to recover what workers are owed. The bond holds signatory contractors financially accountable to the terms they agreed to.
When is it Required?
Before a signatory contractor can put IBEW Local 146 members to work, the union requires proof that this bond is in place. The demand typically comes when you first sign the collective bargaining agreement or when your existing bond has lapsed or been cancelled. Local 146 will not allow covered workers to be dispatched to your jobs until the bond is active and on file. Getting bonded quickly keeps your workforce in place and your projects on schedule.
Where Does it Apply?
This bond applies to employers operating under the jurisdiction of IBEW Local No. 146 in Illinois. It is a labor-driven requirement tied directly to your collective bargaining agreement with Local 146, not a state licensing mandate. The bond's geographic scope follows the jurisdiction defined in your agreement with the union.
How to Buy Online
Click 'Buy This Bond Online' on this page and the secure surety portal will open in a new tab, where you can complete your application and purchase instantly. The process is fully online — no phone calls, no waiting on a callback. Once issued, your bond documents are available for immediate download and delivery to IBEW Local No. 146.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for business owners who need a bond now, not next week. Our nationwide catalog includes labor and wage bonds like this one, and our online platform lets you buy without sitting on hold or waiting for an agent. Fast, direct, and backed by deep surety expertise.