Opening of Bids - 315 & 319 W Jefferson Exterior Renovations Project No 119-064 - Herrman & Goetz Inc

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If the 27th falls on a Saturday, Sunday or Holiday, the payment and report will be due by the close of business on the preceding business day. If a bi-monthly delinquent payment is not received by the NECA's Michigan City Office before the close of business on the loth day after the reporting period, twenty (20%) percent liquidated damages plus twenty five ($25.00) dollars processing :fee as bate charges, will be charged and the account will be turned over to the attorney for collection. Additional attorney ices and cost will be assessed.. If a check is returned because of insufficient funds, it must be replaced by a Certified Check or Money Order and this form of payment will be required for the next 6 months. When an Employer has accumulated at least one year (12 months) of timely payments, they shall be eligible for one "grace period" on a late payment. Said payment must be received in the NECA office by the 20111 of the month in which the payment was due. NATIONAL ELECTRICAL INDUSTRY FUND (NETT') Section 7.01. Each individual Employer shall contribute an amount not to exceed one percent (1%) nor less than .2 of 1 % of the productive electrical payroll as determined by each local Chapter and approved by the Trustees, with the following exclusions: Twenty-five percent (25%) of all productive electrical payroll in excess of 75,000 man-hours paid for electrical work in any one Chapter area during any one calendar year but not. exceeding 150,,000 man hours. One hundred percent (100%) of all productive electrical payroll in excess of 150,000 man-hours paid for electrical work in any one Chapter area during any one calendar year. (Productive electrical payroll is defnred as the total wages including overtime paid with respect to all hours worked by all classes of electrical labor for which a rate is established in the prevailing labor area where the business is transacted.) Payment shall be forwarded monthly to the National Electrical Industry Fund in a form and manner prescribed by the Trustees no later than fifteen (15) calendar days following the last day of the month in which the labor was performed. Failure to do so will be considered a breach of this Agreement on the part of the individual Employer. LABOR-MANAGEMENT COOPERATION COMMITTEE (LMCC) Section 8.01 _The parties agree to participate in a Labor -Management Cooperation Fund, under authority of Section 6(b) of the Labor Management Cooperation Act of 1978, 29 U.S.C. §175(a) and Section 302(c)(9) of the Labor Management Relation Act, 29 U.S.C. §186(c)(9). The purposes of this Fund include the following: To improve communications between representatives of Labor and Management; To provide workers and employers with opportunities to study and explore new and innovative joint approaches to achieving organizational effectiveness; To assist workers and employers in solving problems of mutual concern not susceptible to resolution within the collective bargaining process; To study and explore ways of eliminating potential problems which reduce the competitiveness and inhibit the economic development of the electrical construction industry; To sponsor programs which improve job security, enhance economic and community development, and promote the general welfare of the community and industry; To engage in research and development programs concerning various aspects of the industry, including, but not limited 20