(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.
1 The answer depends on where you live. 2  In the 26 states that havenât passed Right To Work laws, employees working under a âunion shopâ contract must either join the union and pay dues, or decide not to join the union and be forced to pay an âagency feeâ (which is usually just slightly less than full dues).hen union bosses try to gain new union members and begin collecting their dues, they make a pitch to employees. But they usually only tell half of the story.