Escalation Factors for Rehabilitate West Rim Drive and East Rim Drive

Project Number: OR PRA CRLA 14(1)
Project Name: Rehabilitate West Rim Drive and East Rim Drive
Bid Opening Date: January 21, 2015

Base Price Indexes

Fuel

OPIS Report Location: Portland, OR

Week / DateFuel  ($/gallon)
1 / December 30, 20141.85
2 / January 6, 20151.74
3 / January 13, 20151.61
4 / January 20, 20151.56
Base Price Index1.69

Asphalt Cement

Asphalt Weekly Location: Portland, OR

Week / DateAsphalt  ($/ton)
1 / December 29, 2014575.00
2 / January 5, 2015575.00
3 / January 12, 2015575.00
4 / January 19, 2015575.00
Base Price Index575.00

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.