ATTACHMENT D MATERIAL PRICE ADJUSTMENT SHEET AND EXAMPLE.pdf

This is a Material Price Adjustment Sheet and Example document prepared by the Mississippi Department of Transportation in connection with RFX 3160008331, an agency contract for hot and cold mix asphalt procurement. The document provides the framework and methodology for adjusting material prices throughout the contract term based on fluctuations in underlying commodity costs, ensuring that both the state and contractor share equitably in price variations beyond the initial bid estimates.

The price adjustment mechanism outlined in the attachment establishes a formula-based approach for modifying contract unit prices when actual market prices for key asphalt materials deviate from baseline prices established at contract award. The sheet includes detailed examples demonstrating how price increases or decreases are calculated and applied to invoices, with specified indices or reference prices used to track material cost movements. This adjustment provision allows the contract to remain economically viable for the contractor while protecting the state from bearing the full burden of unexpected commodity price volatility during the contract performance period.