Pandelis Constraction Co. v. Jones-Viking Associates

OPINION

In mid-1980, appellant Pandelis Construction Company (“Pandelis”) agreed to construct a medical building for respondents Jones-Viking Associates, et al. (“Jones-Viking”). Pandelis was to receive, in addition to a fee, half of any savings below a guaranteed maximum cost of 1.2 million dollars. After completion of the project, the parties disagreed as to whether there had been savings. Pandelis sued to recover what it claimed was due. The trial court found that there had been no savings, and entered judgment in favor of Jones-Viking. However, the court refused to award Jones-Viking…