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GRAY v. CENTRAL BANK & TRUST CO.

562 S.W.2d 656 (1978)

C.C. Howard GRAY and James N. Gray Construction Company, Inc., Appellants, v. CENTRAL BANK AND TRUST COMPANY, Executor of the Estate of Garvice D. Kincaid, and Central Bank and Trust Company, Appellees. CENTRAL BANK AND TRUST COMPANY, Executor of the Estate of Garvice D. Kincaid, and Central Bank and Trust Company, Cross-Appellants, v. C.C. Howard GRAY and James N. Gray Construction Company, Inc., Cross-Appellees.

Court of Appeals of Kentucky.

February 17, 1978.

Attorney(s) appearing for the Case

Lyle G. Robey, Stoll, Keenon & Park, Lexington, H. J. Herbert, Jr., Wilson, Herbert & Garmon, Glasgow, for appellants and cross-appellees.

Earl S. Wilson, Kincaid, Wilson, Schaeffer & Hembree, Harry B. Miller, Jr., Lexington, for appellees and cross-appellants.

Before HOGGE, PARK and WINTERSHEIMER, JJ.

HOGGE, Judge.

In 1974 the Lexington-Fayette Urban County Airport Board advertised for bids for the construction of a new airport terminal building. Seven Lexington banks, including Central Bank and Trust Company, were to participate in financing the project. On August 23, 1974, the bids were opened, and Gray Construction Company, Inc. was the lowest bidder. White & Congleton Construction Company was the second lowest bidder. The initial bids were valid for a fifteen...

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