Opening of Bids - Century Center Parking Lot Entry Gate Improvements Proj No 118-035A - Larson Danielson Construction - 2

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education and referral services concerning alcohol, drug and other substance abuse, which purposes are more fully defined in the Articles of Incorporation and By -Laws of said BCRC. (b) Each Employer under this Agreement shall pay to BCRC the amount as specified in the wage and fringe benefits section of the Agreement per hour for each hour worked by each of its employees covered by this Agreement. Each employer is obligated to make such contributions, regardless of whether or not such Employer is a member of BCRC. (c) Payments required to be made to BCRC shall be deemed to be governed by the provisions of this Agreement pertaining to the collection of the Welfare, and Pension payments required to be made by the Employers and thus, may be enforced in the same manner. (d) The Board of Directors of BCRC will have full audit authority of the Employer's books and records as they pertain to this contribution. Parties Signatory to this Agreement will abide by the provisions of the BCRC substance abuse program. Section C. PAYMENT OF FUNDS (a) Payment for all Funds, Foundations, and Wage Deductions shall be on one check payable to the order of the Indiana/Kentucky/Ohio Regional Council of Carpenters Fringe Benefits Fund submitted to the bank designated by Union. (b) All Fringe Benefit Funds have been established and maintained in accordance with agreements and declarations of trust and shall be administered in accordance with the requirements of applicable federal laws. The agreements and declarations of trust, as amended or restated from time to time are hereby incorporated into and made a part of this agreement. Section 7. CASH OR BOND DEPOSIT BY EMPLOYER. (a) All EMPLOYERS shall furnish a bond in the amount of $20,000 in a form acceptable to the Indiana/Kentucky/Ohio Regional Council of Carpenters to insure prompt payment of wages, fringe benefit contributions and deductions as required by this Agreement. In lieu of a bond, an Employer may deposit in escrow the amount of $20,000 in cash, under the terms of which the escrow trustee will pay to the employee, fringe benefit fund or Union such wages, fringe benefit contributions, deductions or dues check -off which the Employer is determined to owe under this Agreement. However, those Employers who have employed Carpenters under this or a predecessor or successor contract during 24 consecutive months and who have made all payments herein required in a timely manner during that period are hereby exempt from furnishing an escrow deposit or bond until such time as they become delinquent as defined in this Article, they then must re -deposit the bond and be treated as a new contractor. The Escrow Trust shall be established by agreement between the Escrowee and the Association. Any Employer depositing cash in escrow shall receive interest earned on the amount of the deposit, after the deduction of the cost of the escrow. Employers required to furnish a cash deposit will have that deposit refunded to them at the end of 24 consecutive months during which all payments were made in a timely manner. The Employer shall sign the Union's Escrow Agreement. (b) The Escrow Agreement shall provide that an Employer who has ceased all employment within the jurisdiction covered by this Agreement shall receive a refund of the Escrow monies or Bond upon submission of a certified written request 10