Northern Delaware Industrial Development Corp. v. E. W. Bliss Co.

MARVEL, Vice Chancellor:

Plaintiffs and defendant are parties to a contract dated May 26th, 1966, under the terms of which defendant agreed to furnish all labor, services, materials and equipment necessary to expand and modernize a steel fabricating plant owned by the plaintiff Phoenix Steel Corporation at Claymont, Delaware. A massive undertaking is called for in the contract, the total price for the work to be performed by the defendant being set in the contract at $27,500,000 and the area of contract performance extending over a plant site of approximately sixty acres.

Work on the project…