ED Ltd v TQ Ltd [2023] NZDT 312 (27 July 2023) [pdf, 221 KB]
...they contacted TQ Ltd and were advised that, due to price inflation over the long period of delay and changes in availability of materials, the pricing of the job would increase to $34,949.40+GST. ED Ltd was of the view that TQ Ltd was obliged to perform the contract at the quoted price and gave TQ Ltd an opportunity to proceed on that basis. 3. TQ Ltd declined to proceed and ED Ltd proposed repayment of its deposit plus a sum for damages summarised as being equivalent to 10% interest p...