Escalation Factors for Rimini Road

Project Number: MT PFH 98-1(1)
Project Name: Rimini Road
Bid Opening Date: January 15, 2015

Base Price Indexes

Fuel

OPIS Report Location: Great Falls, MT

Week / DateFuel  ($/gallon)
1 / December 24, 20141.93
2 / December 31, 20141.90
3 / January 7, 20151.87
4 / January 14, 20151.71
Base Price Index1.85

Asphalt Cement

Asphalt Weekly Location: Western Montana

Week / DateAsphalt  ($/ton)
1 / December 22, 2014530.00
2 / December 29, 2014530.00
3 / January 5, 2015530.00
4 / January 12, 2015500.00
Base Price Index522.50

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.