Opinion ID: 2470
Heading Depth: 1
Heading Rank: 2

Heading: Precision's Work

Text: On May 8, 2003, at Fuller's request, Precision submitted a $536,665 bid to perform stone work for the project's fountains and plaza. Precision Stone I, 472 F.Supp.2d at 578. Fuller issued a Letter of Intent for Precision to perform the stone work for $515,000. Id. Precision executed the letter, but with various qualifications and conditions, including a condition that the agreed-upon price excluded costs associated with overtime work. Id. at 578-79. At the time the letter was issued, Precision had not been provided with a completion date, id. at 579, and it never bound itself to a time-of-the-essence provision, see id. at 580. On August 12, 2003, however, Precision agreed to complete its work by October 27, 2003, but only under specified conditions  including that Fuller timely and properly prepare the work site and necessary substrates. Id. at 579-80. The project was beset by problems and delays. The court found that Fuller had created confusion on the job site and delayed Precision's start date for the stone installation. Id. at 580. [2] For example, a concrete subcontractor employed by Fuller improperly laid the concrete foundation for ponds  water features associated with the project  requiring demolition work to resize the foundations to their proper dimensions. Id. at 580. Despite Precision's warning that the ponds were not being built according to plan, Fuller allowed the concrete subcontractor to continue to lay their foundations improperly. Id. As a result of these delays, it appears that Fuller was in jeopardy of failing to complete the project, as promised, by Election Day. In early October 2003, as Precision was in the course of performing work under the subcontract, Fuller engaged Berardi to perform a portion of that work. Id. Berardi, whose per-unit cost was higher than Precision's, see Precision Stone, Inc., v. Arch Ins. Co. ( Precision Stone II ), No. 04 Civ. 9996, 2007 WL 1975487, at , 2007 U.S. Dist. LEXIS 49274, at  (S.D.N.Y. July 6, 2007), worked overtime to complete the work by the end of October, Precision Stone I, 472 F.Supp.2d at 580-81, i.e., before Election Day, as Capelli had initially promised the City of White Plains, id. at 578.