Iron Head Construction, Inc. v. Gurney

DURHAM, Chief Justice:

INTRODUCTION

T1 Petitioners Alan K. Gurney and Vicki W. Gurney (the Gurneys) appeal from a ruling by the Utah Court of Appeals affirming the district court's award of $12,835.48 in prejudgment interest subsequent to the parties' settlement of all claims during trial. We reverse and vacate.

BACKGROUND

T2 In early 2000, the Gurneys hired Iron Head Construction, Ine. (Iron Head) to expand and remodel part of their home. The parties signed a contract that indicated Iron Head would be paid $168,558 for the work. Once construction began, the Gurneys made several changes to the…