Common use of Contract Administration Fund Clause in Contracts

Contract Administration Fund. Section 12.01 Subsection (a). The Employer shall pay 1.5% of his gross monthly payroll covering all work under the terms of this Agreement to the Contract Administration Fund (“CAF”) of Stanislaus, Merced, Mariposa and Tuolumne Counties. Subsection (b). These contributions will assist in offsetting the costs associated with administering the Apprenticeship and Journeyman Training Trust, Contract Administration Fund, Health & Welfare Trust, Labor-Management Cooperation Committee and Pension Trust. These funds will also assist in offsetting the costs associated with negotiating the Inside Construction Agreement, providing support in the areas of grievance resolution and referral system appeals and promoting the interests of the union electrical construction industry. Subsection (c). These funds will not be used to the detriment of Local Union 684 or the International Brotherhood of Electrical Workers. Subsection (d). CAF contributions shall be submitted with all other fringe benefit contributions on the monthly fringe benefit transmittal report. Such monies shall be paid on or before the twentieth (20th) day of the month succeeding the month in which the work was performed. Subsection (e). The Fund is to be administered solely by the Employer. The Administrator of the CAF shall be appointed by the Northern California Chapter, NECA. The enforcement of collections regarding delinquent payments shall be the sole responsibility of the Fund. The Administrator shall have the authority to recover the amounts owing plus attorney fees, court costs and interest at the prime rate plus two percent (2%).