For all construction performed with capital provided by the ASB Allegiance Real Estate Fund, all contractors and subcontractors at any tier performing construction, repair, refurbishment or restoration, shall:
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Be bound by and signatory to a collective bargaining agreement with a labor organization (a) whose traditional jurisdiction covers the type of work to be performed on the Project, and (b) that is affiliated with or approved for work by the Building and Construction Trades Department of the AFL-CIO, or a building trades Union affiliated with Change To Win; and
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Each such contractor or subcontractor shall observe area standards for wages and other terms and conditions of employment, including fringe benefits.
To the extent that qualified Union contractors are not available to perform work at competitive Union wage pricing, other contractors may be engaged provided that a project labor agreement is approved by the requisite Unions and ASB Real Estate Investments.