Petty Creek Road
Project Number: MT PFH 71-1(1)
Project Name: Petty Creek Road
Bid Opening Date: May 18, 2011
Base Price Indexes
Fuel
OPIS Report Location: Missoula, Montana
| Week / Date | Fuel ($/gallon) |
|---|---|
| 1 / 4/25/2011 | 3.49 |
| 2 / 5/3/2011 | 3.52 |
| 3 / 5/10/2011 | 3.44 |
| 4 / 5/17/2011 | 3.33 |
| Base Price Index | 3.45 |
Asphalt Cement
Asphalt Weekly Location: Western, Montana
| Week / Date | Asphalt ($/ton) |
|---|---|
| 1 / 4/22/2011 | 485.00 |
| 2 / 4/29/2011 | 485.00 |
| 3 / 5/6/2011 | 495.00 |
| 4 / 5/13/2011 | 502.50 |
| Base Price Index | 491.88 |
Computation Approaches Used to Determine Base Price Indexes
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.
Fuel Price Adjustment: The Base Price Index (BPI) is a price index determined by arithmetic average of OPIS publications' daily rack prices on a weekly basis for the 4 weeks preceding the bid opening.
Last updated: Wednesday, July 31, 2019