Average cost of asphalt cement based on the NCDOT Liquid Index
| 2008 Average for all Sites per Month |
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< 2007 |
Selected Year 2008 | 2009 >
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| Calculate Your Original Bid Date Against Current Prices: |
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S.T. Wooten's Policies and Procedures for FOB Asphalt Cement Pricing based on the NCDOT Liquid Index.
S T Wooten Corporation has made a commitment to our customers to provide the most economical price available for our asphalt materials by implementing a pricing structure based on the N.C. Department of Transportation (NCDOT) Monthly Terminal F.O.B. Asphalt Binder Price.
Because the Asphalt Cement Price changes on a monthly basis, S.T. Wooten Corporation reserves the right to adjust, up or down, its prices in accordance with the Binder Price fluctuation at any time during the performance of work.
The percent of AC listed below is used to calculate the price adjustment. If the project requires any mixes other than listed below, please contact your S.T. Wooten Corporation sales representative to discuss.
SF 9.5A, S 9.5B -- 6.5%
The formula used to calculate the increase or decrease is as follows:
A = B + (D-C) * E
A = Adjusted Contract Price
B = Contract Unit Price at time of Bid
C = Base Index at time of Bid
D = Base Index at time of Construction
E = 6.5%
Example:
B = $55.00 per ton
C = $346.79 per ton
D = $385.00 per ton
E = 6.5%
A = $55.00 + ($385.00 - $346.79) * .065
A = $55.00 + ($38.21) * .065
A = $55.00 + $2.48
A = $57.48 per ton
All taxes will be applied to the adjusted contract price.