(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.
Private Unions: In craft unions, also called horizontal unions, members share the same skill or occupation, such as the United Brotherhood of Carpenters Industrial unions, also called vertical unions, represent workers in the same industry, regardless of their particular skill, such as the United Auto Workers.rivate Unions: In craft unions, also called horizontal unions, members share the same skill or occupation, such as the United Brotherhood of Carpenters Industrial unions, also called vertical unions, represent workers in the same industry, regardless of their particular skill, such as the United Auto Workers.