Rehabilitate East Rim Drive
Project Number: OR NPS CRLA 13(1)
Project Name: Rehabilitate East Rim Drive
Bid Opening Date: February 14, 2023
Base Price Indexes
Fuel
OPIS Report Location: Portland, OR
| Week / Date | Fuel ($/gallon) |
|---|---|
| 1 / January 23, 2023 | 3.28 |
| 2 / January 30, 2023 | 3.48 |
| 3 / February 6, 2023 | 3.27 |
| 4 / February 23, 2023 | 3.13 |
| Base Price Index | 3.29 |
Asphalt Cement
Asphalt Weekly Location: Portland, OR
| Week / Date | Asphalt ($/ton) |
|---|---|
| 1 / January 20, 2023 | 662.50 |
| 2 / January 27, 2023 | 662.50 |
| 3 / February 3, 2023 | 637.50 |
| 4 / February 10, 2023 | 637.50 |
| Base Price Index | 650.00 |
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