Stiers Management Co. v. Fidelity & Deposit Co.

106 F. Supp. 588, 1952 U.S. Dist. LEXIS 4055
CourtDistrict Court, E.D. Missouri
DecidedJuly 28, 1952
DocketNo. 8301
StatusPublished

This text of 106 F. Supp. 588 (Stiers Management Co. v. Fidelity & Deposit Co.) is published on Counsel Stack Legal Research, covering District Court, E.D. Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stiers Management Co. v. Fidelity & Deposit Co., 106 F. Supp. 588, 1952 U.S. Dist. LEXIS 4055 (E.D. Mo. 1952).

Opinion

HULEN, District Judge.

This is a declaratory judgment action to determine premium obligations to defendant of plaintiff and third-party defendants brought in by the original defendant, on a performance bond, for government construction work. • Plaintiff seeks a refund. Defendant counterclaims for fur-ter premium payments. The issue is whether additional work done by plaintiff, not called for by the original contract, under a subsequent amendatory agreement, changes the premium rate on the bond from that prevailing at time of original, contract to a lower rate prevailing at time of agreements between plaintiff and -the government for additional work.

Plaintiff made a lump sum Class B Construction Contract (No. 12 r 13047) with the United States of America, through the Department of the Interior, on June 23, 1941, for a portion of a Continental Divide Tunnel Excavation (Station 72-00 to Station 152-00 and concrete invert, Station 6-00 to 148-00) at the Colorado Big Thompson Project, Grand Lake, Colorado.

Plaintiff executed written application to defendant for a performance bond. Defendant, as surety, executed for plaintiff, as principal, with the United States, as obligee, a performance bond in the penal sum of $417,000, and a payment bond in the penal sum of $416,453. These bonds guaranteed the performance of the con[590]*590struction contract and payment for labor and material of the work provided for in the contract.

The original contract authorized the United States to make changes in the drawings and specifications. It also authorized the United States to require extra or additional work to be performed by the plaintiff- — -“notice of which modifications to the Surety being hereby waived * * The terms of the payment bond of defendant followed the terms of the construction contract as to waiver of notice of modifications.

An amendatory contract, was executed by plaintiff and the government September 30, 1942. At the time of execution of the supplemental contract on -September 30, 1942, the government required plaintiff to secure from defendant a written consent, on a form prepared by the government, as follows: “The undersigned, the surety on the performance and payment bonds given in connection with said contract dated June 23, 1941, hereby gives its full consent to the foregoing Amendatory Contract and agrees that its bonds be applied to and cover the original- contract as modified and extended by or pursuant to the terms and provisions of said Amendatory Contract.” No new bond or further consent was ever executed by defendant.

Plaintiff has performed its contract with the government.

The United States issued eleven extra work orders and three change orders, requiring the plaintiff to perform extra or additional work, all of which work was within the general scope of the original contract and of the same general nature as that provided for in the original contract. There was no stipulated time for completion for any of the extra work or change orders.

The contract, as supplemented by extra work orders and change orders, was completed October 31, 1947. Plaintiff laid down railroad tracks which were extended as the tunnel was bored into the mountain. The original contract required plaintiff to make a concrete flooring, or invert. This installing of the final concrete invert was not completed until very near the completion date of October 31, 1947, as this work was done the plaintiff withdrew and removed the tracks.

Plaintiff by application for defendant’s bond agreed to pay the defendant a premium of one and one-half per cent, as follows:

“First, to pay to the Company, in advance, the following premiums: the premium of Twelve Thousand Four Hundred Ninety-Three and 59/100 Dollars ($12,493.59) for the contract bond and the labor and material bond, if any (the premium for said contract bond and labor and material bond, if any, being at the rate of 1%% of the original contract price), for the term of Two Years beginning on the date of said contract bond, or any part of said term; and ah annual premium in advance for each year after said 'term at the rate of-of one -per cent of said contract price, and an additional term and annual premium at said rates, based on any increase of said contract price, as shown by the certificate of the engineer or architect in charge, and to be adjusted upon completion of said' contract, such annual premiums to be paid as long as liability on said contract bond shall continue after said term and until the undersigned shall deliver to-the Company, at its Home Office in Baltimore, Maryland, written evidence, satisfactory to the Company, of its discharge from such liability.” (emphasis added)

The final contract price paid the plaintiff was $4,274,840.93. Plaintiff paid the de7 fendant premiums on the bonds at the rate of 1%% °f the contract price; as follows t

September 30, 1941 $12,493.59

February 25, 1943 ............. 5,372.13

July 1, 1943 ................... 2,023.99

August 3, 1943 .................1,409.26-

August 2, 1944 ................ 5,137.65

September 2, 1945 ............. 7,322.54

February 12, 1946 .............. 15,060.93

Total .........................$48,820.09

Plaintiff states its case, by brief:

“The most reasonable and fair construction [of the bond] is that these [591]*591Work Orders were new agreements, and plaintiff arid defendant intended that the bond should apply to any such as were agreed to by plaintiff and the 'Government. This being true, the rate ■chargeable should not relate back to-a previous peak figure effective when the parties began to do business on the tunnel, but should involve the applicable rate .in effect on the respective dates of the commencement of the defendant’s various bond liabilities, small or large.”

During the period involved, defendant, as a member of the surety association, adhered to the premium rates fixed by the surety association, published in the Towner Rating Manual. The applicable premium rate, promulgated by the Towner Rating Bureau and in force at the time of execution of the bonds for construction contracts, Class B, of less than $2,500,000, was $15 per $1,000 on the contract price.

A $10 per $1,000 premium rate was promulgated by the Towner Rating Bureau on October 28, 1941, and was applicable to all bonds issued in favor of the United States of America, or any Department thereof, covering Class B construction contracts of less than $2,500,000, on the following conditions:

“1. Reduced rates shall apply to bonds written December 26, 1941 or thereafter.
“2. Stipulated time for completion ■of contract shall not exceed twelve months.
“3. Performance and payment bonds shall continue to be in substantially the same form as now required by existing statutes or regulations.
“4. The reduced rate is for the period ending'April 30, 1942, at which time a further review will be made in the light of the then existing conditions.
“5. Contracts of $2,500,000.00 or more will be specifically rated by the Bureau and the basic rate will be subject to gradation depending upon the •size of the contract.”

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Cite This Page — Counsel Stack

Bluebook (online)
106 F. Supp. 588, 1952 U.S. Dist. LEXIS 4055, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stiers-management-co-v-fidelity-deposit-co-moed-1952.