St. Joe River Road
Project Number: ID PFH 50(7)
Project Name: St. Joe River Road
Bid Opening Date: July 1, 2011
Base Price Indexes
Fuel
OPIS Report Location: Spokane, ID
| Week / Date | Fuel ($/gallon) |
|---|---|
| 1 / June 10 | 3.33 |
| 2 / June 17 | 3.28 |
| 3 / June 24 | 3.12 |
| 4 / July 1 | 2.97 |
| Base Price Index | 3.18 |
Asphalt Cement
Asphalt Weekly Location: Northern Idaho
| Week / Date | Asphalt ($/ton) |
|---|---|
| 1 / June 10 | 590.00 |
| 2 / June 17 | 590.00 |
| 3 / June 24 | 590.00 |
| 4 / July 1 | 590.00 |
| Base Price Index | 590.00 |
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.
Last updated: Tuesday, December 17, 2019