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BIB CONSTR. CO., INC. v. FIREMAN'S INS. CO. OF NEWARK, NEW JERSEY

214 A.D.2d 521 (1995)

625 N.Y.S.2d 550

BIB Construction Co., Inc., Respondent, v. Fireman's Insurance Company of Newark, New Jersey, Appellant, et al., Counterclaim Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

April 27, 1995

On December 11, 1989, plaintiff BIB Construction Company, a general contractor, entered into a construction contract with the City of Poughkeepsie in the amount of $5,497,000 for renovation of the Poughkeepsie Municipal Building. Pursuant to the contract, plaintiff furnished performance and payment bonds issued by defendant, Fireman's Insurance Company. On September 13, 1990, the City terminated the contract for alleged nonperformance. The City requested that defendant Fireman...

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