Attachment C: Petroleum Prices

This document is a pricing attachment for the Mississippi Department of Transportation's Agency Contract for Hot and Cold Mix Asphalt (RFX 3160008331). The attachment establishes the petroleum price index framework that will be used to adjust asphalt material costs throughout the contract term. The pricing structure is designed to reflect fluctuations in crude oil and petroleum product markets, ensuring that both the contractor and the state share responsibility for price volatility in raw materials. This mechanism allows for equitable cost adjustments without requiring contract modifications each time petroleum prices change, providing transparency and predictability for budget planning purposes.

The petroleum prices listed in this attachment serve as the baseline for calculating monthly or periodic price adjustments to hot and cold mix asphalt deliveries. The document likely references specific petroleum indices, such as crude oil prices or refined asphalt binder costs, that trigger adjustment clauses in the master contract. By establishing these price benchmarks upfront, the procurement enables the Mississippi Department of Transportation to manage material costs effectively while providing bidders with a clear understanding of how compensation will be adjusted based on market conditions. This approach is standard practice in public works contracts involving commodity-sensitive materials and protects both parties from unexpected cost fluctuations beyond their control.