(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.
Identification. An industrial agreement is often an accord reached between employers in a certain industry, their employees or employee representatives and, in some cases, the government.This term is used more often in Europe, Australia and other contexts than it is in the United States.dentification. An industrial agreement is often an accord reached between employers in a certain industry, their employees or employee representatives and, in some cases, the government.