Contractor Fixed-Price Cost Overrun Dispute

A contractor, having agreed to perform construction work for a fixed price, sought to recover the difference between that price and the actual cost of materials and labor, alleging the initial estimate was based on erroneous calculations regarding the quantities of materials required. The court rejected the claim, reasoning that a fixed-price contract binds the contractor to execute the work for the agreed sum regardless of their actual costs, and any miscalculation in the preliminary estimate does not release them from this obligation unless the original plans or specifications themselves were fundamentally flawed or the owner requested modifications.