(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.
Determining Whether an Employment Relationship Exists: Is a Worker an Employee or Independent Contractor? In order for the FLSAâs minimum wage and overtime provisions to apply to a worker, the worker must be an âemployeeâ of the employer, meaning that an employment relationship must exist between the worker and the employer.