Fuel Adjustment, May 2011

(2011) Fuel Adjustment, May 2011. Transportation, Department of

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Abstract

Article 2120 of the Standard Specifications for Highway and Bridge Construction Series 2009 provides for a fuel adjustment factor to be applied to payments and partial payments for quantities of certain items of excavation work as the work is done, in accordance with the specification, when indicated in the contract documents. A Current Price Index (CPI), in dollars per gallon (liter), will be established by the DOT for each month. The CPI will be the price of No. 2 High Sulfur Diesel, as reported by Oil Price Information Service using the first weekday for the month and the average of all prices reported for Des Moines. The Base Price Index (BPI) for each contract will be the CPI in effect during the month previous to the month of the letting of that contract. If the contract has metric units, divide the Price Index ($/gal) by 3.785412 to obtain $/liter.

Item Type: Departmental Report
Keywords: Transportation, Fuel Adjustment, Fuel
Subjects: Transportation > Research
Transportation > Motor vehicles > Automobiles
Transportation > Motor vehicles
Transportation
ID Code: 10726
Deposited By: Margaret Barr
Deposited On: 02 May 2011 16:39
Last Modified: 02 May 2011 16:39
URI: http://publications.iowa.gov/id/eprint/10726

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