Escalation Factors for Highway 35 Betterment
Project Number: OR FS ERFO 2007(1)-11(1)
Project Name: Highway 35 Betterment
Bid Opening Date: May 14, 2010
Base Price Indexes
Fuel
OPIS Report Location: Portland, Oregon
| Week / Date | Fuel ($/gallon) |
|---|---|
| 1 / April 22 | 2.54 |
| 2 / April 29 | 2.50 |
| 3 / May 6 | 2.42 |
| 4 / May 13 | 2.23 |
| Base Price Index | 2.42 |
Asphalt Cement
Asphalt Weekly Location: Portland, Oregon
| Week / Date | Asphalt ($/ton) |
|---|---|
| 1 / April 19 | 490.00 |
| 2 / April 26 | 485.00 |
| 3 / May 3 | 492.50 |
| 4 / May 10 | 492.50 |
| Base Price Index | 490.00 |
Monthly Averages for 2010
| Month | Fuel | Asphalt |
|---|---|---|
| December | 2.67 | 432.50 |
| November | 2.48 | 427.50 |
| October | 2.58 | 430.00 |
| September | 2.43 | 433.13 |
| August | 2.29 | 458.50 |
| July | 2.13 | 467.50 |
| June | 2.19 | 467.50 |
| May | 2.21 | 480.63 |
Computation Approaches Used to Determine Base Price Indexes
Fuel Price Adjustment: The Base Price Index (BPI) is a price index determined by arithmetic average of OPIS publications daily rack prices for the 28 calendar days preceding the bid opening.
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.