Walden Point Paving
Project Number: AK BIA AIR 7(8)
Project Name: Walden Point Road Paving
Bid Opening Date: January 20, 2011
Base Price Indexes
Fuel
OPIS Report Location: Seattle, WA
| Week / Date | Fuel ($/gallon) |
|---|---|
| 1 / December 23, 2010 | 2.55 |
| 2 / December 30, 2010 | 2.54 |
| 3 / January 6, 2011 | 2.61 |
| 4 / January 13, 2011 | 2.67 |
| Base Price Index | 2.59 |
Asphalt Cement
Asphalt Weekly Location: Seattle, WA
| Week / Date | Asphalt ($/ton) |
|---|---|
| 1 / December 27, 2010 | 452.50 |
| 2 / January 3, 2011 | 455.00 |
| 3 / January 10, 2011 | 455.00 |
| 4 / January 17, 2011 | 455.00 |
| Base Price Index | 454.38 |
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