Escalation Factors for Grand Loop Road, Canyon to Tower, Phase II
Project Number: WY PRA YELL 10(16)
Project Name: Grand Loop Road, Canyon to Tower, Phase II
Bid Opening Date: May 16, 2012
Base Price Indexes
Fuel
OPIS Report Location: Bozeman, Montana
| Week / Date | Fuel ($/gallon) |
|---|---|
| 1 / April 24 | 3.36 |
| 2 / May 1 | 3.39 |
| 3 / May 8 | 3.40 |
| 4 / May 15 | 3.38 |
| Base Price Index | 3.38 |
Asphalt Cement
Asphalt Weekly Location: Northern, WY
| Week / Date | Asphalt ($/ton) |
|---|---|
| 1 / April 24 | 611.78 |
| 2 / May 1 | 611.78 |
| 3 / May 8 | 611.78 |
| 4 / May 15 | 611.78 |
| Base Price Index | 611.78 |
Computation Approaches Used to Determine Base Price Indexes
Asphalt Cement Adjustment: The Base Price Index (BPI) is a price index determined by arithmetic average for prices in the four "Asphalt Weekly Monitor ®" publications immediately preceding the bid opening.
Fuel Price Adjustment: The Base Price Index (BPI) is a price index determined by arithmetic average of OPIS publications' daily rack prices on a weekly basis for the 4 weeks preceding the bid opening.