Examples of Asphalt Price Index in a sentence
All invoices for payment shall be accompanied by the calculation of any asphalt price adjustment and a showing of the current month's Asphalt Price Index, the Basic Asphalt Price Index.
Iu = The California Statewide Paving Asphalt Price Index which is in effect on the first business day of the month within the pay period in which the quantity subject to adjustment was included in the estimate.
Ib = The California Statewide Paving Asphalt Price Index for the month in which the bid opening for the project occurred.
The California Statewide Paving Asphalt Price Index is determined each month on the first business day of the month by the Department using the median of posted prices in effect as posted by Chevron, Mobil, and Unocal for the Buena Vista, Huntington Beach, Kern River, Long Beach, Midway Sunset, and Wilmington fields.In the event that the companies discontinue posting their prices for a field, the Department will determine an index from the remaining posted prices.
The California Statewide Paving Asphalt Price Index is determined each month on the first business day of the month by the Department using the median of posted prices in effect as posted by Chevron, ExxonMobil, and Union 76 for the Buena Vista, Huntington Beach, and Midway Sunset fields.In the event that the companies discontinue posting their prices for a field, the Department will determine an index from the remaining posted prices.
In the event of an overrun of contract time, adjustment in compensation for paving asphalt included in estimates during the overrun period will be determined using the California Statewide Paving Asphalt Price Index in effect on the first business day of the month within the pay period in which the overrun began.
The Department will post the asphalt price index every month on the Department’s website: https://www.state.nj.us/transportation/business/aashtoware/PriceIndex.shtm.The Basic Asphalt Price Index will be the Index which is listed for the month prior to the receipt of bids.
If the month prior to the receipt of bids has two Indexes, the Index in effect for the first day of the month will govern for the Basic Asphalt Price Index.The Monthly Asphalt Price Index will be that for the month that the work is constructed in.
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The Bituminous Material, Asphalt Price Index (herein referenced (API) published monthly by the FDOT must be used for the adjustment of unit prices in accordance with FDOT Specification 9-2.1.2. The FDOT API in effect at the bid opening date will be used for initial determination of asphaltic material price.