09r0006 rfp atch 3 cost adj formulas REVISED 30 apr 09.doc
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- FA8751-09-R-0006
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FA8751-09-R-0006 Atch 3 Cost Adjustment Formulas dated 30 Apr 09 (REVISED)
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Annual Cost Adjustments (revised 30 Apr 09) Annual cost adjustments to the base year award amount (excluding line items in Section III of the Price Schedule) will be increased or decreased based upon the Construction Cost Index as published by the Engineering News Record for the anniversary month of base year award.
For example, the contract was awarded in December 2007. In December 2008, review of the ENR Construction Cost Index reveals that the relevant Construction Costs have increased 5.7%. Therefore, the relevant contract unit prices would be increased by 5.7%.
Items to be adjusted by Contract Asphalt Index
For each delivery order issued, the line items in Section III of the Price Schedule will be increased or decreased based upon the NYDOT monthly Engineering Bulletin entitled Fuel, Asphalt & Steel Price Adjustments if the increase or decrease is greater than $10. The formula to be used will be:
Price Increase:
Price Adjustment = (Quantity of Asphalt) x (Average Posted Price - PGB Index Price - $10.00)
Price Decrease:
Price Adjustment = (Quantity of Asphalt) x (Average Posted Price - PGB Index Price + $10.00) The quantity of asphalt represents the amount of liquid asphalt used for the specific line item being adjusted.
It is the responsibility of the contractor to show the specific prices of the liquid asphalt and the calculation used to determine the volume of liquid asphalt in the specific line item.
FA8751-09-R-0006
Attachment 3
REVISED 30 Apr 09
File details come from the government source that posted it. Updated .