Nationwide Electric, Inc. v. Associated Bonded Construction Co.

OPINION

KELLEHER, Justice.

This is a suit on a payment bond provided by Associated Bonded Construction Co. (Associated) in September 1980 after the Department of the Navy awarded Associated a contract to construct and refurbish certain Naval facilities situated at Davis-ville, Rhode Island. In late October 1980 Associated entered into a subcontracting agreement whereby Nationwide Electric, Inc. (Nationwide) agreed to perform the electrical work called for in the Navy contract. Nationwide completed its work and received partial payment from Associated. However, full payment was never received.…