31555PriceAdjust25.xlsx

XLSX spreadsheet 80 KB Posted

Attached to
Bituminous Concrete Asphalt Mixtures (2026 VPP)
Contract number
Bituminous Concrete Asphalt Mixtures (2026 VPP)
Issued by
New York

About this file

This document contains monthly asphalt price adjustment schedules for New York State Department of Transportation (NYSDOT) statewide contract award 23428, contract numbers PC70942-PC70962. The price adjustments are effective for April 2026 and May 2026 and apply to comprehensive liquid bituminous materials supplied under contract 31555. The adjustments comply with price adjustment clauses contained in the Contract Award Notification and are calculated based on fluctuations in Performance Graded (PG) 64-22 binder pricing.

The contract covers asphalt emulsions, chip seal, cold recycling, heater scarification, joint and crack filler/sealer, microsurfacing, quick-set slurry seal, and paver-placed surface treatment materials (both conventional and rubber modified). Pricing adjustments are calculated monthly using a November 1, 2025 base index of $638.00 per ton for PG 64-22 binder. For April 2026, the adjusted price was $730.00 per ton; for May 2026, it increased to $777.00 per ton. Price adjustments are applied to unit prices per gallon, pound, linear foot, or ton, depending on the material category, using established formulas that incorporate total allowable petroleum percentages. Adjustments are computed to three decimal places and are only applied when changes exceed minimum thresholds ($0.010 per gallon, $0.001 per pound, $0.002 per linear foot, or $0.10 per ton). The document provides detailed price adjustment schedules for each material designation and includes calculation formulas with examples for each product category.

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May 2026 Asphalt Price Adjustment - May 2026

GroupDescriptionAward #Contract No.
31555Comprehensive Liquid Bituminous Materials

(Asphalt Emulsions; Chip Seal; Cold Recycling; Heater Scarification; Joint & Crack Filler/Sealer; Microsurfacing and/or Quick Set Slurry Seal; and Paver Placed Surface Treatment – Conventional & Rubber Modified) (Statewide) 23428 PC70942- PC70962

Bituminous materials price adjustment(s) EFFECTIVE on: May 1, 2026 ERROR:#REF! Contract Manager Input NYSDOT Average Posted Prices for Asphalt (Performance Graded Binder)

Award(s) using November 1, 2025 base index of$638.000per ton.
In compliance with the referenced price adjustment clauses contained in the Contract Award Notification for the referenced award(s),Year:2026
the following price adjustments have been calculated.Month:MayPosted Price2026
MONTHLY PG 64-22 BINDER ADJUSTMENT:The May 2026 Average is$777.000per tonMonth$/ton
(F.O.B. Terminal Price for unmodified PG 64-22 binder without anti-stripping agent)Asphalt Price AdjustmentJanuary-
The November 1, 2025 Base Average FOB Terminal Price for Asphalt Cement was$638.000per ton.Base Average =$638.000February-
Asphalt Price Adjustments shall be calculated and applied to the original prices. There will not be Asphalt Price Adjustments unless the change amounts to moreNew Average =$777.000March-
than $0.010 per gallon, $0.001 per pound, $0.002 per linear foot or $0.10 per ton from the original price.April730
All Asphalt Price Adjustments will be computed to three decimal places.May777
Until further notice, please revise the original contract per gallon/linear foot/ton prices for materials in the referenced award(s) by usingJune
the price adjustments listed below:July
Note: Examples and formulas of how to calculate these price adjustmets can be found at the bottom of this page.August
ASPHALT EMULSIONS, CHIP SEAL AND COLD RECYCLING ITEMS - MONTHLY PRICE ADJUSTMENTS:October
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / GALLONNovember
702.0700Asphalt Filler (18-60)100.000.20100.20$0.593ERROR:#VALUE!December
702.3001RS-155.001.7056.70$0.335ERROR:#VALUE!2027
702.3002RS-1h55.001.7056.70$0.335$0.000Month$/ton
702.3101RS-263.002.7065.70$0.389$0.000January
702.3102HFRS-263.002.7065.70$0.389$0.000February
702.3201MS-265.008.2073.20$0.433$0.000March
702.3301HFMS-265.008.2073.20$0.433ERROR:#REF!April
702.3401HFMS-2h65.002.7067.70$0.400ERROR:#REF!May
702.3402HFMS-2s65.008.2073.20$0.433ERROR:#REF!June
702.3501SS-157.000.2057.20$0.338$0.000July
702.3501
(Cold Recycling only)SS-165.000.2065.20$0.386ERROR:#REF!August
702.3601SS-1h57.000.2057.20$0.338ERROR:#REF!September
702.3601
(Cold Recycling only)SS-1h65.000.2065.20$0.386ERROR:#REF!October
702.3101PRS-2p63.002.7065.70$0.389ERROR:#REF!November
702.3102PHFRS-2p63.002.7065.70$0.389ERROR:#REF!December
702.3301PHFMS-2p65.008.2073.20$0.433ERROR:#REF!2028
702.4001CRS-160.002.7062.70$0.371ERROR:#REF!Month$/ton
702.4002CRS-1h60.002.7062.70$0.371ERROR:#REF!January
702.4101CRS-265.002.7067.70$0.400ERROR:#REF!February
702.4201CMS-265.0010.2075.20$0.445ERROR:#REF!March
702.4301CMS-2h65.0010.2075.20$0.445ERROR:#REF!April
702.4401CSS-157.000.2057.20$0.338ERROR:#REF!
702.4401
(Cold Recycling only)CSS-165.000.2065.20$0.386ERROR:#REF!
702.4501CSS-1h57.000.2057.20$0.338ERROR:#REF!
702.4501
(Cold Recycling only)CSS-1h65.000.2065.20$0.386ERROR:#REF!
702.4601CQS-1h62.000.2062.20$0.368ERROR:#REF!
702.4001PCRS-1p60.002.7062.70$0.371ERROR:#REF!
702.4101PCRS-2p65.002.7067.70$0.400ERROR:#REF!
702.4601PCQS-1p62.000.2062.20$0.368ERROR:#REF!
702-XXXXTDiluted Tack Coat40.000.2040.20$0.238ERROR:#REF!
702-XXXXTStraight Tack Coat*See note belowERROR:#REF!
702-XXXXTTNon-Tracking Tack Coat50.000.2050.20$0.297ERROR:#REF!

*Note: For Material Designation 702-XXXXT Straight Tack Coat, use Total Allowable Petroleum % for appropriate emulsion grade

HEATER SCARIFICATION ITEMS - MONTHLY PRICE ADJUSTMENTS:
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / POUND
417.0101Recycling Agent65.001.0066.00$0.046ERROR:#REF!
JOINT & CRACK FILLER/SEALER ITEMS - MONTHLY PRICE ADJUSTMENTS:
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / GALLON
ASTM D6690 Type IIJoint Sealer56.000.2056.20$0.332ERROR:#REF!
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / POUND
ASTM D6690 Type IIJoint Sealer56.000.2056.20$0.039ERROR:#REF!
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / GALLON
PG 64S-22 + FiberAsphalt Product95.000.2095.20$0.563ERROR:#REF!
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / POUND
Mastic MaterialAggregate Reinforced Mastic Mat.40.000.2040.20$0.028ERROR:#REF!
Rout, Clean & Seal Application Method - ASTM D6690 Type II only
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / LINEAR FEET
ASTM D6690 Type IIJoint Sealer56.000.2056.20$0.005ERROR:#REF!
MICROSURFACING & QUICK SET SLURRY SEAL ITEMS - MONTHLY PRICE ADJUSTMENTS:
ITEMGRADE / DESCRIPTION% ASPHALTFUEL
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUST / TON
413.02010118Microsurfacing, Type II, F19.000.209.20$12.788ERROR:#REF!
413.02020118Microsurfacing, Type II, F29.000.209.20$12.788ERROR:#REF!
413.02030118Microsurfacing, Type II, F39.000.209.20$12.788ERROR:#REF!
413.03010118Microsurfacing, Type III, F17.500.207.70$10.703ERROR:#REF!
413.03020118Microsurfacing, Type III, F27.500.207.70$10.703ERROR:#REF!
413.03030118Microsurfacing, Type III, F37.500.207.70$10.703ERROR:#REF!
413.04030118Microsurfacing, Type III Rut Filling7.500.207.70$10.703ERROR:#REF!
414.02030118Quick-set Slurry, Type II, F313.500.2013.70$19.043ERROR:#REF!
414.03030118Quick-set Slurry, Type III, F312.000.2012.20$16.958ERROR:#REF!
PAVER PLACED SURFACE TREATMENT ITEMS - MONTHLY PRICE ADJUSTMENTS:
ITEMGRADE / DESCRIPTION% ASPHALTFUEL
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUST / TON
415.0x0F0218Paver Placed ST6.501.007.50$10.425ERROR:#REF!
415.1x0F0218Rubber Modified Paver Placed ST6.501.007.50$10.425ERROR:#REF!
FORMULAS & EXAMPLE
ASPHALT EMULSIONS, CHIP SEAL AND COLD RECYCLING ITEMS

Unit prices per gallon will be subject to adjustment based on the following formula:

Price Adjustment = (

(per gallon)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
235
Example: 1 gallon of 702.0700 at $3.000/ gallon (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$3.000 +$0.593=$3.593
Total Material Price After Adjustment:$3.593per gallon
FORMULAS & EXAMPLE
HEATER SCARIFICATION ITEMS

Unit prices per pound will be subject to adjustment based on the following formula:

Price Adjustment = (

(per pound)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
2000
Example: 1 pound of 417.0101 at $0.550/pound (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$0.550 +$0.046=$0.596
Total Material Price After Adjustment:$0.596per pound
FORMULAS & EXAMPLE
JOINT AND CRACK FILLER/SEALER ITEMS (for Crack Sealing)

Unit prices per gallon will be subject to adjustment based on the following formula:

Price Adjustment =

(per gallon)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
235
Example: 1 gallon of ASTM D6690 Type II at $45.000/gallon (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$45.000 +$0.332=$45.332
Total Material Price After Adjustment:$45.332per gallon
FORMULAS & EXAMPLE
JOINT AND CRACK FILLER/SEALER ITEMS (for Crack Sealing)

Unit prices per pound will be subject to adjustment based on the following formula:

Price Adjustment =

(per pound)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
2000
Example: 1 pound of Mastic Material at $45.000/pound (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$45.000 +$0.028=$45.028
Total Material Price After Adjustment:$45.028per pound
FORMULAS & EXAMPLE
JOINT AND CRACK FILLER/SEALER ITEMS (for Routing, Cleaning and Sealing)

Unit prices per linear foot will be subject to adjustment based on the following formula:

Price Adjustment = (

(per linear foot)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
14,400
Example: 1 linear foot of ASTM D6690 Type II at $1,500.000/LF (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$1,500.000 +$0.005=$1,500.005
Total Material Price After Adjustment:$1,500.005per linear foot
FORMULAS & EXAMPLE
MICROSURFACING, PAVER PLACED SURFACE TREATMENT

Unit prices per ton will be subject to adjustment based on the following formula:

Price Adjustment = (

(per ton)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
Example: 1 ton of 413.02010118 at $200.000/ ton (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$200.000 +$12.788=$212.788
Total Material Price After Adjustment:$212.788per ton

https://www.dot.ny.gov/main/business-center/contractors/construction-division/fuel-asphalt-steel-price-adjustments?nd=nysdot April 2026 Asphalt Price Adjustment - April 2026

GroupDescriptionAward #Contract No.
31555Comprehensive Liquid Bituminous Materials

(Asphalt Emulsions; Chip Seal; Cold Recycling; Heater Scarification; Joint & Crack Filler/Sealer; Microsurfacing and/or Quick Set Slurry Seal; and Paver Placed Surface Treatment – Conventional & Rubber Modified) (Statewide) 23428 PC70942- PC70962

Bituminous materials price adjustment(s) EFFECTIVE on: April 20, 2026 ERROR:#REF! Contract Manager Input NYSDOT Average Posted Prices for Asphalt (Performance Graded Binder)

Award(s) using November 1, 2025 base index of$638.000per ton.
In compliance with the referenced price adjustment clauses contained in the Contract Award Notification for the referenced award(s),Year:2026
the following price adjustments have been calculated.Month:AprilPosted Price2026
MONTHLY PG 64-22 BINDER ADJUSTMENT:The April 2026 Average is$730.000per tonMonth$/ton
(F.O.B. Terminal Price for unmodified PG 64-22 binder without anti-stripping agent)Asphalt Price AdjustmentJanuary-
The November 1, 2025 Base Average FOB Terminal Price for Asphalt Cement was$638.000per ton.Base Average =$638.000February-
Asphalt Price Adjustments shall be calculated and applied to the original prices. There will not be Asphalt Price Adjustments unless the change amounts to moreNew Average =$730.000March-
than $0.010 per gallon, $0.001 per pound, $0.002 per linear foot or $0.10 per ton from the original price.April730
All Asphalt Price Adjustments will be computed to three decimal places.May
Until further notice, please revise the original contract per gallon/linear foot/ton prices for materials in the referenced award(s) by usingJune
the price adjustments listed below:July
Note: Examples and formulas of how to calculate these price adjustmets can be found at the bottom of this page.August
ASPHALT EMULSIONS, CHIP SEAL AND COLD RECYCLING ITEMS - MONTHLY PRICE ADJUSTMENTS:October
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / GALLONNovember
702.0700Asphalt Filler (18-60)100.000.20100.20$0.392ERROR:#VALUE!December
702.3001RS-155.001.7056.70$0.222ERROR:#VALUE!2027
702.3002RS-1h55.001.7056.70$0.222$0.000Month$/ton
702.3101RS-263.002.7065.70$0.257$0.000January
702.3102HFRS-263.002.7065.70$0.257$0.000February
702.3201MS-265.008.2073.20$0.287$0.000March
702.3301HFMS-265.008.2073.20$0.287ERROR:#REF!April
702.3401HFMS-2h65.002.7067.70$0.265ERROR:#REF!May
702.3402HFMS-2s65.008.2073.20$0.287ERROR:#REF!June
702.3501SS-157.000.2057.20$0.224$0.000July
702.3501
(Cold Recycling only)SS-165.000.2065.20$0.255ERROR:#REF!August
702.3601SS-1h57.000.2057.20$0.224ERROR:#REF!September
702.3601
(Cold Recycling only)SS-1h65.000.2065.20$0.255ERROR:#REF!October
702.3101PRS-2p63.002.7065.70$0.257ERROR:#REF!November
702.3102PHFRS-2p63.002.7065.70$0.257ERROR:#REF!December
702.3301PHFMS-2p65.008.2073.20$0.287ERROR:#REF!2028
702.4001CRS-160.002.7062.70$0.245ERROR:#REF!Month$/ton
702.4002CRS-1h60.002.7062.70$0.245ERROR:#REF!January
702.4101CRS-265.002.7067.70$0.265ERROR:#REF!February
702.4201CMS-265.0010.2075.20$0.294ERROR:#REF!March
702.4301CMS-2h65.0010.2075.20$0.294ERROR:#REF!April
702.4401CSS-157.000.2057.20$0.224ERROR:#REF!
702.4401
(Cold Recycling only)CSS-165.000.2065.20$0.255ERROR:#REF!
702.4501CSS-1h57.000.2057.20$0.224ERROR:#REF!
702.4501
(Cold Recycling only)CSS-1h65.000.2065.20$0.255ERROR:#REF!
702.4601CQS-1h62.000.2062.20$0.244ERROR:#REF!
702.4001PCRS-1p60.002.7062.70$0.245ERROR:#REF!
702.4101PCRS-2p65.002.7067.70$0.265ERROR:#REF!
702.4601PCQS-1p62.000.2062.20$0.244ERROR:#REF!
702-XXXXTDiluted Tack Coat40.000.2040.20$0.157ERROR:#REF!
702-XXXXTStraight Tack Coat*See note belowERROR:#REF!
702-XXXXTTNon-Tracking Tack Coat50.000.2050.20$0.197ERROR:#REF!

*Note: For Material Designation 702-XXXXT Straight Tack Coat, use Total Allowable Petroleum % for appropriate emulsion grade

HEATER SCARIFICATION ITEMS - MONTHLY PRICE ADJUSTMENTS:
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / POUND
417.0101Recycling Agent65.001.0066.00$0.030ERROR:#REF!
JOINT & CRACK FILLER/SEALER ITEMS - MONTHLY PRICE ADJUSTMENTS:
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / GALLON
ASTM D6690 Type IIJoint Sealer56.000.2056.20$0.220ERROR:#REF!
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / POUND
ASTM D6690 Type IIJoint Sealer56.000.2056.20$0.026ERROR:#REF!
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / GALLON
PG 64S-22 + FiberAsphalt Product95.000.2095.20$0.373ERROR:#REF!
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / POUND
Mastic MaterialAggregate Reinforced Mastic Mat.40.000.2040.20$0.018ERROR:#REF!
Rout, Clean & Seal Application Method - ASTM D6690 Type II only
ITEMGRADE / DESCRIPTION% ASPHALTPETROLEUM
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUSTMENT / LINEAR FEET
ASTM D6690 Type IIJoint Sealer56.000.2056.20$0.004ERROR:#REF!
MICROSURFACING & QUICK SET SLURRY SEAL ITEMS - MONTHLY PRICE ADJUSTMENTS:
ITEMGRADE / DESCRIPTION% ASPHALTFUEL
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUST / TON
413.02010118Microsurfacing, Type II, F19.000.209.20$8.464ERROR:#REF!
413.02020118Microsurfacing, Type II, F29.000.209.20$8.464ERROR:#REF!
413.02030118Microsurfacing, Type II, F39.000.209.20$8.464ERROR:#REF!
413.03010118Microsurfacing, Type III, F17.500.207.70$7.084ERROR:#REF!
413.03020118Microsurfacing, Type III, F27.500.207.70$7.084ERROR:#REF!
413.03030118Microsurfacing, Type III, F37.500.207.70$7.084ERROR:#REF!
413.04030118Microsurfacing, Type III Rut Filling7.500.207.70$7.084ERROR:#REF!
414.02030118Quick-set Slurry, Type II, F313.500.2013.70$12.604ERROR:#REF!
414.03030118Quick-set Slurry, Type III, F312.000.2012.20$11.224ERROR:#REF!
PAVER PLACED SURFACE TREATMENT ITEMS - MONTHLY PRICE ADJUSTMENTS:
ITEMGRADE / DESCRIPTION% ASPHALTFUEL
ALLOWANCETOTAL ALLOWABLE
PETROLEUM %PRICE ADJUST / TON
415.0x0F0218Paver Placed ST6.501.007.50$6.900ERROR:#REF!
415.1x0F0218Rubber Modified Paver Placed ST6.501.007.50$6.900ERROR:#REF!
FORMULAS & EXAMPLE
ASPHALT EMULSIONS, CHIP SEAL AND COLD RECYCLING ITEMS

Unit prices per gallon will be subject to adjustment based on the following formula:

Price Adjustment = (

(per gallon)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
235
Example: 1 gallon of 702.0700 at $3.000/ gallon (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$3.000 +$0.392=$3.392
Total Material Price After Adjustment:$3.392per gallon
FORMULAS & EXAMPLE
HEATER SCARIFICATION ITEMS

Unit prices per pound will be subject to adjustment based on the following formula:

Price Adjustment = (

(per pound)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
2000
Example: 1 pound of 417.0101 at $0.550/pound (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$0.550 +$0.030=$0.580
Total Material Price After Adjustment:$0.580per pound
FORMULAS & EXAMPLE
JOINT AND CRACK FILLER/SEALER ITEMS (for Crack Sealing)

Unit prices per gallon will be subject to adjustment based on the following formula:

Price Adjustment =

(per gallon)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
235
Example: 1 gallon of ASTM D6690 Type II at $45.000/gallon (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$45.000 +$0.220=$45.220
Total Material Price After Adjustment:$45.220per gallon
FORMULAS & EXAMPLE
JOINT AND CRACK FILLER/SEALER ITEMS (for Crack Sealing)

Unit prices per pound will be subject to adjustment based on the following formula:

Price Adjustment =

(per pound)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
2000
Example: 1 pound of Mastic Material at $45.000/pound (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$45.000 +$0.018=$45.018
Total Material Price After Adjustment:$45.018per pound
FORMULAS & EXAMPLE
JOINT AND CRACK FILLER/SEALER ITEMS (for Routing, Cleaning and Sealing)

Unit prices per linear foot will be subject to adjustment based on the following formula:

Price Adjustment = (

(per linear foot)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
14,400
Example: 1 linear foot of ASTM D6690 Type II at $1,500.000/LF (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$1,500.000 +$0.004=$1,500.004
Total Material Price After Adjustment:$1,500.004per linear foot
FORMULAS & EXAMPLE
MICROSURFACING, PAVER PLACED SURFACE TREATMENT

Unit prices per ton will be subject to adjustment based on the following formula:

Price Adjustment = (

(per ton)New Monthly Average
F.O.B. Terminal Price-Base Average F.O.B.
Terminal Price) X Total Allowable Petroleum %
Example: 1 ton of 413.02010118 at $200.000/ ton (example, not reflecting actual pricing from the contract)
Binder Adjustment:
$200.000 +$8.464=$208.464
Total Material Price After Adjustment:$208.464per ton

https://www.dot.ny.gov/main/business-center/contractors/construction-division/fuel-asphalt-steel-price-adjustments?nd=nysdot

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