Economy Forms Corp. v. City of Cedar Rapids

McCORMICK, Justice.

Plaintiff Economy Forms Corporation leased concrete forms to a subcontractor on a public improvement who defaulted in rental payments. Plaintiff subsequently claimed the rentals from the general contract retainage held by the public body pursuant to Iowa Code chapter 573. After trial of the claim in equity, the trial court entered judgment for the rentals for plaintiff against the subcontractor, general contractor and general contractor’s bonding company. Upon this appeal by the general contractor and the bonding company, we affirm the trial court. We also affirm on…