Bethlehem Steel Co. v. United States

This is a suit arising out of a contract to furnish armor plates to the Navy Department. The claim is for additional expenses incurred in carrying the bond required under the terms of the contract to be given by the plaintiff, and the question at issue is during what time and for what sums the plaintiff was required to keep said bond in force. Article XV of the contract is as follows:

“ Fifteenth. The party of the first part (Bethlehem Steel Company) shall give a bond with satisfactory sureties for *396the faithful performance of the work embraced in this contract in a penal sum equal to ten per…