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 / Date | Fuel ($/gallon) |
|---|---|
| 1 / December 24, 2014 | 1.93 |
| 2 / December 31, 2014 | 1.90 |
| 3 / January 7, 2015 | 1.87 |
| 4 / January 14, 2015 | 1.71 |
| Base Price Index | 1.85 |
Asphalt Cement
Asphalt Weekly Location: Western Montana
| Week / Date | Asphalt ($/ton) |
|---|---|
| 1 / December 22, 2014 | 530.00 |
| 2 / December 29, 2014 | 530.00 |
| 3 / January 5, 2015 | 530.00 |
| 4 / January 12, 2015 | 500.00 |
| Base Price Index | 522.50 |
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.
Last updated: Tuesday, December 17, 2019