(Contractor name) is not to incur any additional costs under the contract until it receives a modification that increases the available funding. At this time, (Contractor name) may not recover costs in excess of the (dollar amount), the funding currently available for payment on the contract.
Also called a contract or a union contract, a collective bargaining agreement (CBA) is an legally binding contract between the employees (union) and the employer, arrived at through negotiations between the parties, which lays out the rights and duties of each party.
A Union can represent workers in just about every industry. There are two major types of unions: Industry (Teachers, Autoworkers, Police, etc) and Craft/Skilled Trades (Electricians, Ironworkers, Boilermakers, etc). These types have some VERY essential differences. Most, if not all, Industry Unions represent workers after they have been hired by the Employer -- they don't actually get you a job. Many of the Craft Unions are Full Referral, which means the Hall dispatches members to work for signatory companies (ones who have a CBA with the Union) when they need workers.