OPINION
BURKE, Justice.
Chugach Electric Association (hereinafter Chugach) operates a large generating facility at Beluga, Alaska, approximately forty air miles west of Anchorage. In 1975, Chugach was expanding the plant and had contracted with Maynard Smith to perform some of the work.
Smith and Chugach entered into two distinct types of contractual arrangements during 1974-1975. For some jobs, Smith operated under a cost-plus contract to provide...
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