Iowa IBEW Local 145 Union Wage & Benefits Bond
Overview
Contractors signatory to IBEW Local 145 in Iowa are required to carry this bond as a condition of their labor agreement. It guarantees that covered employees receive every dollar of wages and benefits owed under the collective bargaining agreement. If a contractor fails to pay, the bond gives the union a direct financial remedy. This is a union-mandated requirement, not a state license — it flows from your signatory status with IBEW Local 145.
Who Needs This Bond?
Electrical contractors who have signed a collective bargaining agreement with IBEW Local 145 need this bond before putting union members to work. Any employer — whether a large commercial contractor or a small shop — that becomes signatory to Local 145 must post this bond as part of that agreement. If you've just executed your CBA or renewed it, this bond is typically required immediately. It applies statewide in Iowa wherever Local 145 jurisdiction covers your work.
What is this Bond For?
IBEW Local 145 uses this bond to protect its members' wages, health and welfare contributions, pension contributions, and other fringe benefits spelled out in the collective bargaining agreement. If a signatory contractor falls behind or defaults on those obligations, the union can make a claim against the bond to recover what workers are owed. It shifts the financial risk of nonpayment away from the workers and onto the contractor's bond. This bond does not cover general business debts — it is specifically tied to labor obligations under the Local 145 agreement.
When is it Required?
Signing or renewing your collective bargaining agreement with IBEW Local 145 is the moment this bond becomes mandatory. You typically cannot dispatch union members to a job site until the bond is posted and confirmed with the union. Some contractors are also required to reinstate this bond when it lapses or when bond amounts are adjusted by the union. Do not wait until your first job starts — get the bond in place when you execute the agreement.
Where Does it Apply?
This bond applies statewide in Iowa under the jurisdiction of IBEW Local 145. It is not a state-issued license bond and is not filed with any Iowa state agency. The bond is held by or filed with IBEW Local 145 in accordance with the terms of your collective bargaining agreement.
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 immediately. Enter your business information, select the required bond amount specified in your Local 145 agreement, and submit. Most applicants receive their bond documents quickly without waiting on an agent callback.
Why Bond Titan?
Bond Titan is powered by The Southern Agency, giving you access to a nationwide surety bond catalog through a fully online purchase process. There are no phone tag delays, no waiting rooms, and no paperwork you have to fax. If IBEW Local 145 told you today that you need this bond, you can act on it today.