Wayne Distributing Co. v. Piti Bldg. Co., Inc.

OPINION

KELLEHER, Justice.

This is an arbitration dispute in which a general contractor, Piti Building Co., Inc. (Piti), appeals from a Superior Court judgment affirming an arbitration award that favored Piti. The appeal concerns the manner in which the arbitrators resolved the issue of interest.

In September 1979 Piti and Wayne Distributing Co. (Wayne) entered into a written agreement whereby Piti agreed to build a warehouse and office for Wayne. The facility was to be located in the city of Cranston. The contract price for the project was almost $172 million. The contract called for a schedule…