Ralph Myers Contracting Corp. v. Commonwealth, Department of Transportation

OPINION OF THE COURT

FLAHERTY, Justice.

The issue presented by this appeal is whether the total amount of an award consisting of principal and interest may be considered, in effect, a new principal amount upon which interest may be calculated from date of entry of the Board awarded judgment until date of payment.

The Board of Arbitration of Claims entered the following award in favor of appellant, Ralph Myers Contracting Corporation (“Myers”):

AND NOW, this 3rd day of June, 1977, the Board awards judgment in the sum of $491,807.55 to Plaintiff Contractor, Ralph Myers Contracting Corporation, and…