| In order to assist newly organized contractors in their efforts to comply with the terms and conditions of the Laborers’ Area-Wide Collective Bargaining Agreement, the LECET Board of Trustees has adopted a Bond Reimbursement Program.
LECET is authorized to reimburse a newly organized contractor for the cost of obtaining the contractually required bond for wages and fringe benefits. LECET is offering to reimburse the bond premium for the first year of coverage paid by your company up to $1,000 based on rates of $20.00 for every $1,000 of bonding coverage, not to exceed a total bond capacity of $50,000 (or $1,000 in premium).
|
|
In order to obtain the reimbursement, please provide LECET with a copy of the required wage and fringe benefit bond as well as a copy of the canceled check.
For more information on the LECET Master Bond Program, please contact us at 630-655-8935.
|
|
