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Yes it was. The timing was very important, because it can result in huge damages that may deprive me of my substantial benefit. I need the thing to complete a major project, which without it my company will suffer huge losses.
Why does he want more money to complete the job?
Have you paid?
How much money is involved?
He need it to complete the job on time.
There is actually case law on this and the answer is quiteconvoluted.
An agreement to pay more money can be sufficient consideration ifyou derive practical benefit. There must also be no economic duress.
The leading case is Williams v Roffey and Google will give you plenty of readinghowever the circumstances are a bit different in that the contractor wasoffered more money to get the job completed on time and the extra money thatwas offered, was never paid. That is why he sued so it is a bit different thanyours in that in the case I quote they offered money whereas in your case, itis being demanded.
It is also worth googling Stilk v Myrick which is probably closerto your scenario.
In your particular case I think you are entitled to rely on theprice that is quoted. In addition, he is demanding money to finish the jobwhich puts you under pressure.
From a practical point of view, I would agree to pay him what heis demanding but then don't pay it and let him sue you or, if he will notfinish the work without payment, pay him, wait until the job is finished andthen sue him for the money back on the basis that paid the pressure/duress
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