McClure v. United States

This is a suit for adjustment in the price to be paid plaintiffs on a construction contract due to changes in ocean freight rates.

The contract called for construction of officers’ quarters in the Panama Canal Zone. The contract price was $3,930,916.

The bid which was dated March 11, 1940, was opened March 12, 1940, and accepted on April 8, 1940, on which latter date a notice of award and a notice to proceed were issued by the defendant.

Upon receipt of these notices plaintiffs commenced performance of the work on April 15,1940, pending execution of payment and performance bonds and the formal…