A trial court previously awarded Zachry $19,662,697 for breach of contract arising from the Bayport Terminal Complex Phase 1A Wharf and Dredging Contract.
The appeals court held that the application of the construction contract’s “no-damages-for-delay” clause precluded Zachry’s claim for delay or hindrance damages on its claim, reversing the judgment that had awarded damages to Zachry. The court rendered judgment that Zachry take nothing on those claims and that the Port Authority recover attorney’s fees of more than $10 million from Zachry.
For nearly 100 years, the Port of Houston Authority has owned/operated the public cargo-handling facilities of the Port of Houston – the nation’s largest port in terms of foreign waterborne tonnage. The port has historically been an economic engine for the Houston region, the state of Texas and the nation. The port contributes to the creation of more than one million statewide and more than 2.1 million nationwide jobs and the generation of more than $178.5 billion of statewide and $499 billion of nationwide economic activity.
For more information, please visit www.portofhouston.com.
The Port of Houston Authority logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=720
CONTACT: Bill Hensel, Manager, Corporate Communications
Office: (713) 670-2893
Cell: (832) 452-5776
Lisa Ashley, Director, Corporate Communications
Office: (713) 670-2644
Cell: (832) 247-8179
111 East Loop North
Houston, Texas USA 77029
P.O. Box 2562
Houston, Texas USA 77252-2562