Asphalt Adjustment 2026- Liquid Asphalt.xlsx

This is a pricing adjustment schedule for liquid asphalt master agreements administered by the Kentucky Transportation Cabinet, effective March 1, 2026. The document establishes a monthly adjustment mechanism for liquid asphalt deliveries based on the KAPI (Kentucky Asphalt Price Index) and specifies the methodology for calculating price adjustments throughout the contract year. The adjustment applies uniformly across all months from January through December with a fixed adjustment factor of 0.6, and the total asphalt adjustment quantity is calculated using the formula: (G x 0.6)/240 x (PC - PL), where G represents gallons of material picked up or delivered, PL is the KAPI for the month the contract is let, and PC is the KAPI for the month of adjustment.

The pricing structure incorporates a threshold requirement that must be met before adjustments are applied, as indicated by a binary threshold met field. Contractors and users can access current KAPI pricing data through the Kentucky Transportation Cabinet's official website at https://transportation.ky.gov/Construction/Pages/Fuel-and-Asphalt-Adjustments.aspx to calculate monthly adjustments. The adjustment schedule allows for transparent, market-based price fluctuations rather than fixed pricing, protecting both the state and suppliers from extreme market volatility in asphalt costs throughout the contract performance period.