In 1979 plaintiff Wachtel Duklauer & Fein, Inc. (Wachtel) entered into a written agreement with defendant Board of Education (Board) whereby Wachtel contracted to perform all plumbing and drainage work required in the construction of the New Dorp High School in Staten Island, New York. Wachtel's compensation was fixed at $1,458,300, and the projected date for completion of the entire project was June 28, 1981.
On May 17, 1982, Wachtel submitted a formal application...
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