Holloway Construction Co. v. Oakland County Board of County Road Commissioners

The issue presented in this case is whether prejudgment interest on an arbitration award is statutorily required from the time the complaint was filed, when the parties later stipu*610lated to resolve their dispute by binding arbitration, and where the arbitrators did not award interest.

I. FACTS AND PROCEDURAL HISTORY

This appeal arises out of a construction contract dispute between a general contractor, plaintiff Holloway Construction Company, and defendant Board of County Road Commissioners of the County of Oakland. The parties entered into a contract in which Holloway agreed to resurface three…