ATTACHMENT D MATERIAL PRICE ADJUSTMENT SHEET AND EXAMPLE.pdf

This document is a Material Price Adjustment Sheet from the Mississippi Department of Transportation (MDOT), specifically Attachment D in a contract file. The example worksheet demonstrates how material price adjustments are calculated for a specific contract period, in this case from April 1, 2008 to April 30, 2008. The document provides a standardized template for vendors to document material price fluctuations, with a specific example using ABC Asphalt Paving Company as the vendor.

The example shows a detailed calculation for asphalt material (Grade CRS2-P) used in surface treatment, with 3,800 gallons at a contract base price of $1.5687. The price adjustment is calculated by comparing the base price for the current period ($1.6627) against the original contract base price, resulting in a price differential of $0.0940. The total material adjustment for this period comes to $357.20, which represents the additional cost due to material price changes. The worksheet is designed to allow vendors to transparently document and request reimbursement for material price fluctuations during the contract period, providing a mechanism for cost recovery based on market changes.