Escalation Factors for Rehabilitate Route 11, Lake Crescent Road (US Hwy 101) & East Beach Road

Project Numbers: WA NPS OLYM 11(9) & WA CLALLAM 92210(1)
Project Names: Rehabilitate Route 11, Lake Crescent Road (US Hwy 101) & East Beach Road
Bid Opening Date: March 7, 2017

Base Price Indexes

Fuel

OPIS Report Location: Seattle, WA

Week / DateFuel  ($/gallon)
1 / 02/13/20171.73
2 / 02/20/20171.69
3 / 02/27/20171.70
4 / 03/06/20171.65
Base Price Index1.69

Asphalt

Asphalt Weekly Location: Seattle, WA

Week / DateAsphalt  ($/US ton)
1 / 02/13/2017300.00
2 / 02/20/2017300.00
3 / 02/27/2017300.00
4 / 03/06/2017302.50
Base Price Index300.63

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.