Ruscon Construction Co. v. Beaufort-Jasper Water Authority

Littlejohn, Justice.

On November 20, 1963, Ruscon Construction Company of Florida contracted to build subaqueous mains for Beaufort Jasper Water Authority. The work was performed by Ruscon and accepted by Water Authority in August, 1965. At that time Ruscon submitted its final estimate for final payment for work done under the contract. A dispute arose concerning the proper type of release Ruscon should give upon- final payment, and as a result Water Authority held the final payment of $180,758.96 until September 1, 1967, at which time Ruscop signed the release and accepted payment. This sum…