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

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and the Union may demand payment immediately. Each week thereafter, the monies shall be paid by "Cashiers Check until such time the Union feels the affected Contractor is making effort to comply with the Contract. Each fringe benefit and contribution will be itemized on regular forms furnished to the Contractors. It shall be a violation of this Agreement not to treat all signatories equally under this clause. Wage and Fringe Benefit Bond: In order to ensure the payment of the wages and/or fringe benefits what are legally due under this agreement, the local union requires and Employer to a surety deposit bond in the amount not to exceed Fifty Thousand Dollars ($50,000.00). Said bond will be with a signed Agreement. "It is expressly understood that the sole purpose of such bond is for the benefit of the Employees working under this agreement and for the purpose of insuring that they receive the wages and fringe benefits herein." The Employers assign all right, title and interest in the Surety Bond to the Union and Fringe Benefit Trust Funds, which shall have a priority interest to such Funds, and supersede the claims of all Employers' creditors. Those Employers who have regularly employed bargaining unit Employees under this or a predecessor or successor contract during twenty-four (24) consecutive months and who have made all payments herein required in a timely manner during that period are hereby exempt from furnishing a Surety Bond until such time as they become delinquent. Section 4. Foremanship and Scale: The first Cement Mason hired by a Contractor shall receive Journeyman's scale. When there are two (2) or more Cement Masons on a job, one will be designated Foreman and shall receive one dollar ($1.00) per hour above scale. When there are eight (8) men, including the Foreman, the designated Forman will receive one dollar and fifty cents ($1.50) above the Journeyman's scale. The contractor has the right to change foreman at any time. Section S.S. S ecial Materials. Any Cement Masons working on mastics, composition, plastic, acidproof, colored hardening or nonskid material that is applied prior to final finishing shall receive fifty ($0.50) cents per hour above Journeyman scale. (a) Tools. Any Cement Mason using a dry grinder will receive twenty- five ($0.25) cents additional per hour. Section 6. Scaffolds: All swinging or hanging scaffold work except those suspended by bean and double cable shall pay thirty-five ($0.35) cents per hour above3 scale up to 50 feet in height. Fifty ($0.50) cents per hour above scale over 50 feet. Section 7. Administrative Fund: (MACIAF) Administrative or Industry Fund in the amount set forth by the administrators of the fund in Article III — Section 1. for each hour worked by the Employees in the bargaining unit shall be paid by the Contractors each month. Section 8. Increase/Decrease Benefits: Local 692 — Area 101 (S) and the Association signatory to this Agreement may, by a written amendment signed by all such 7