Rehab West & East Rim Drives
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 / Date | Fuel ($/gallon) |
|---|---|
| 1 / December 30, 2014 | 1.85 |
| 2 / January 6, 2015 | 1.74 |
| 3 / January 13, 2015 | 1.61 |
| 4 / January 20, 2015 | 1.56 |
| Base Price Index | 1.69 |
Asphalt Cement
Asphalt Weekly Location: Portland, OR
| Week / Date | Asphalt ($/ton) |
|---|---|
| 1 / December 29, 2014 | 575.00 |
| 2 / January 5, 2015 | 575.00 |
| 3 / January 12, 2015 | 575.00 |
| 4 / January 19, 2015 | 575.00 |
| Base Price Index | 575.00 |
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: Monday, March 18, 2024