– Proposed 80% Market Recovery
In Reply To
New York City and Vicinity District Council of Carpenters
Proposed 80% Market Recovery
1. Recognition Clause – Use existing contract language.
2. Term – July 1, 2011 to June 30, 2016 – 5 years
3. Wages and Benefits:
a. Existing $87.15 wage and benefit package as of June 30, 2011
b. New increase to be distributed in accordance with past practice and necessity.
c. July 1, 2011 to June 30, 2012: 0
d. July 1, 2012 to June 30, 2013: $2.60
e. July 1, 2013 to June 30, 2014: $2.65
f. July 1, 2014 to June 30, 2015: $2.70
g. July 1, 2015 to June 30, 2016: $2.70
4. Market Recovery:
a. 80% Market Recovery rate on all outer borough work with Residential and Hospitality.
b. 80% Market Recovery rate on all Manhattan Buildings 20 stories or less with Residential and Hospitality unless REBNY agrees to a different number.
4A. Market Recovery Committee to meet for all jobs to discuss whether Economic Recovery rates can apply. Committee mechanism to be jointly agreed.
a. two (2) Association Members, two (2) District Council Representatives who will establish criteria for evaluation and rapid procedure, with a mutually agreed Market Recovery arbitrator.
b. Association Members will be the only beneficiaries of the Market Recovery rate.
c. For review and decision, confidentiality will be maintained. Recovery terms will be notified to all members.
d. Concrete Alliance Unions will be asked to join in on Market Recovery efforts.