(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 fixed-term employment contract is a legal agreement that an employer signs with what is known as a contract employee. It outlines specific duties, payment terms and the ending date, after which the employee leaves the company unless he is retained under a new contract.