Breach of Contract
Construction
Single Family Dwelling
Confidential
Settlement – $255,000Facts
In 1990 Plaintiffs husband and wife contracted with Defendants to build a custom home in Orange County; completion to be in 9 months and at a price of $380,000. After one year and paying approximately $175,000, only 70% (approximately) of the foundation had been completed by the contractor and various subcontractors; in addition, 4 framing components had been left to rot. The prime contractor eventually went bankrupt in late 1993.
Settlement Discussions
Plaintiffs contend their demand was $300,000 reduced to $270,000; and Defendants offered $175,000 increased to $255,000 overall.
Damages
$300,000 in completion and delay damages.
#126331
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