Escalation Factors for Grand Loop Road, Norris to Golden Gate, Phase II

Project Number: WY PRA YELL 10(19)
Project Name: Grand Loop Road, Norris to Golden Gate, Phase II
Bid Opening Date: April 14, 2016

Base Price Indexes

Fuel

OPIS Report Location: Bozeman, Montana

Week / DateFuel  ($/gallon)
1 / March 23, 20161.32
2 / March 30, 20161.33
3 / April 6, 20161.32
4 / April 13, 20161.32
Base Price Index1.32

Asphalt

Asphalt Weekly Location: Northern, Wyoming

Week / DateAsphalt  ($/US ton)
1 / March 21, 2016320.00
2 / March 28, 2016320.00
3 / April 4, 2016320.00
4 / April 11, 2016320.00
Base Price Index320.00

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.