Helms Construction & Development Co. v. State Ex Rel. Department of Highways

OPINION

In this appeal, we are asked to decide whether the trial court erred in denying appellants’ price adjustments on their contracts with the Nevada State Highway Department.

In 1972, appellants bid for and received contracts with the State Highway Department. During the performance of one of the contracts and shortly before commencement of the second, the Arab bloc nations imposed an oil embargo, dramatically increasing the cost of petroleum-based products. Appellants completed the contracts and submitted claims to the Highway Department to recover these increased costs. Helms’ claim was…