West Chickaloon Grade
Project Number: AK DOT 135(5)
Project Name: Glenn Highway Rehabilitation West Chickaloon Grade Section: MP 77.4 to 78.2
Bid Opening Date: May 11, 2017
Base Price Indexes
Fuel
| Week / Date | Fuel ($/gallon) |
|---|---|
| 1 / 4/19/2017 | 2.24 |
| 2 / 4/26/2017 | 2.25 |
| 3 / 5/3/2017 | 2.20 |
| 4 / 5/10/2017 | 2.15 |
| Base Price Index | 2.21 |
Computation Approach Used to Determine Base Price Index
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.