The facts are not in dispute. Petitioners, as owners, and respondent, a general contractor, entered into a written agreement for the construction of a shopping center in Amsterdam, New York. A dispute arose concerning petitioners' failure to pay for work performed and materials delivered and, pursuant to a provision of the agreement, respondent, on March 6, 1974, served a demand for arbitration. Respondent sought payment in the sum of $480,797. Petitioners counterclaimed...
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