PURPOSE OF AGREEMENT

_ Purpose This agreement is entered into by collective bargaining to prevent strikes and lockouts and to facilitate peaceful adjustment of grievances and disputes between employer and union in this trade and to prevent waste, unnecessary and avoidable delays, and expenses and so far as possible to provide for labour's continuous employment: such employment, to be in accordance with the conditions therein set forth, may prevail in the building industry and building costs may be as low as possible, consistent with fair wages and conditions, and further the establishment of the necessary procedures by which ends may be accomplished.