Common use of Asphalt Price Adjustment Clause in Contracts

Asphalt Price Adjustment. THE THIRD PARAGRAPH IS CHANGED TO: The Department will calculate the asphalt price adjustment by the following formula: A = (MA − BA)  T Where: A = Asphalt Price Adjustment MA = Monthly Asphalt Price Index for work performed from the first day of the month to the last day of the month for the month prior to the estimate cutoff date BA = Basic Asphalt Price Index T = Tons of New Asphalt Binder1

Appears in 2 contracts

Samples: Special Provisions, www.bidnet.com

AutoNDA by SimpleDocs

Asphalt Price Adjustment. THE THIRD PARAGRAPH IS CHANGED TO: The Department will calculate the asphalt price adjustment by the following formula: A = (MA − BA) × T Where: A = Asphalt Price Adjustment MA = Monthly Asphalt Price Index for work performed from the first day of the month to the last day of the month for the month prior to the estimate cutoff date BA = Basic Asphalt Price Index T = Tons of New Asphalt Binder1

Appears in 2 contracts

Samples: Special Provisions, Special Provisions

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!