Pennsylvania IBEW Local No. 98 Wages and Fringe Benefits Bond
Overview
Get bonded and show IBEW Local No. 98 that your workers' wages and fringe benefits are protected. This Pennsylvania surety bond guarantees that union-affiliated electrical contractors honor the wage rates and benefit contributions required under their labor agreement with IBEW Local No. 98. If you fail to pay, the bond provides a financial remedy for the union and its members. Having this bond in hand is what keeps you working on union jobs in the Philadelphia area and beyond.
Who Needs This Bond?
Electrical contractors who have signed a collective bargaining agreement with IBEW Local No. 98 are the primary applicants for this bond. If your company employs IBEW Local 98 members and your CBA requires a surety bond as a condition of that agreement, you need this specific bond. It applies to signatory contractors operating under the jurisdiction of IBEW Local No. 98 in Pennsylvania.
What is this Bond For?
This bond exists to protect IBEW Local No. 98 members from unpaid wages and missing fringe benefit contributions. If a signatory contractor fails to pay the wages, health benefits, pension contributions, or other fund obligations required by the collective bargaining agreement, the bond can be called to make the union whole. It is not a performance bond for project work — it is specifically tied to labor compensation obligations.
When is it Required?
Signing or renewing a collective bargaining agreement with IBEW Local No. 98 is the moment this bond becomes mandatory. The union requires it as a condition of maintaining your status as a signatory contractor. Without it, you lose the right to employ IBEW Local 98 members on your projects.
Where Does it Apply?
This bond is required by IBEW Local No. 98, which represents electrical workers across its established Pennsylvania jurisdiction. It is a labor union requirement, not a state licensing mandate issued by a Pennsylvania government agency. Contractors operating anywhere within Local 98's territorial jurisdiction under a signed CBA are subject to this requirement.
How to Buy Online
Click 'Buy This Bond Online' and you'll be taken directly into the secure surety portal in a new tab. Complete the application with your contractor information and the bond amount specified by IBEW Local No. 98 or your CBA. Once approved, your bond document is ready to submit to the union.
Why Bond Titan?
Bond Titan, powered by The Southern Agency, gives you a direct path to this bond without waiting on an agent callback. Our nationwide catalog includes labor and wage bonds like this one, and you can complete the entire process online. Fast, straightforward, and built for contractors who need to get bonded and get back to work.