Bituminous Material Price Adjustment

 TO ALL CONTRACTORS, SUBCONTRACTORS, MATERIAL SUPPLIERS,

AND OTHERS INTERESTED IN WORK ON WHICH BIDS ARE SOLICITED

BY THE ARIZONA DEPARTMENT OF TRANSPORTATION

October 29, 2008

PRICE ADJUSTMENT FOR BITUMINOUS MATERIAL

AND DIESEL FUEL

When appropriate, the special provisions for certain projects will contain a provision for   adjustment of the cost of bituminous material.  This will be shown in the special provisions under “Price Adjustment for Bituminous Material.”

The “initial cost” (IC), as the term is used in the special provisions, for bituminous material of all types, grades, etc., on projects on which bids are opened during the month of NOVEMBER 2008 is $726.00 per ton and this value will also be deemed to be the “current price” (CP) for the month of NOVEMBER 2008 for projects in construction.

Also, when included in the special provisions, an adjustment to the contractor’s monthly progress payment may be made when fluctuations in the price of diesel fuel exceed +15percent of the “initial cost” as shown herein.  An adjustment, if applicable, will be made as specified in stored specification “109FUEL.”

The “initial cost” (IC), determined as specified in stored specification “109FUEL”, for projects on which bids are opened during the month of NOVEMBER 2008 is $2.49 per gallon.  This value will also be deemed to be the “current price” (CP) for the month of OCTOBER 2008 for projects in construction

A copy of the most recent versions of the special provisions “Price Adjustment for Bituminous Material”, and stored specification “109FUEL” are available from Contracts & Specifications Section.

Historical Data:  Price Adjustment for Bituminous Material

January 2006 - Present

January 1996 - December 2005

January 1987 - December 1995

Diesel Fuel Prices September 2000 - Present

 

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