FUEL PRICE ADJUSTMENT. (11-15-05) (Rev. 2-18-14) 109-8 SP1 G43 Revise the 2012 Standard Specifications as follows: Page 1-83, Article 109-8, Fuel Price Adjustments, add the following: The base index price for DIESEL #2 FUEL is $ 1.5593 per gallon. Where any of the following are included as pay items in the contract, they will be eligible for fuel price adjustment. The pay items and the fuel factor used in calculating adjustments to be made will be as follows: Description Units Fuel Usage Factor Diesel Unclassified Excavation Gal/CY 0.29 Borrow Excavation Gal/CY 0.29 Class IV Subgrade Stabilization Gal/Ton 0.55 Aggregate Base Course Gal/Ton 0.55 Sub-Ballast Gal/Ton 0.55 Asphalt Concrete Base Course, Type Gal/Ton 2.90 Asphalt Concrete Intermediate Course, Type _ Gal/Ton 2.90 Asphalt Concrete Surface Course, Type Gal/Ton 2.90 Open-Graded Asphalt Friction Course Gal/Ton 2.90 Permeable Asphalt Drainage Course, Type Gal/Ton 2.90 Sand Asphalt Surface Course, Type Gal/Ton 2.90 Aggregate for Cement Treated Base Course Gal/Ton 0.55 Portland Cement for Cement Treated Base Course Gal/Ton 0.55 " Portland Cement Concrete Pavement Gal/SY 0.245 Concrete Shoulders Adjacent to " Pavement Gal/SY 0.245 SCHEDULE OF ESTIMATED COMPLETION PROGRESS: (7-15-08) (Rev. 5-17-16) 108-2 SP1 G58 The Contractor's attention is directed to the Standard Special Provision entitled Availability of Funds Termination of Contracts included elsewhere in this proposal. The Department of Transportation's schedule of estimated completion progress for this project as required by that Standard Special Provision is as follows: Fiscal Year Progress (% of Dollar Value) 2017 (7/01/16 - 6/30/17) 81% of Total Amount Bid 2018 (7/01/17 - 6/30/18) 19% of Total Amount Bid The Contractor shall also furnish his own progress schedule in accordance with Article 108-2 of the 2012 Standard Specifications. Any acceleration of the progress as shown by the Contractor's progress schedule over the progress as shown above shall be subject to the approval of the Engineer.
FUEL PRICE ADJUSTMENT. A benchmark price for diesel fuel will be established on the closing date for the tender, Thursday, September 3, 2020 based on the price posted by the Island Regulatory and Appeals Commission on that date. At the completion of the contract, the Department will apply the calculated monthly price adjustment as outlined in the Table below to the Contractor’s invoices for each appropriate month. These adjustments will be based on the monthly retail price of diesel fuel for Charlottetown as established by XX Xxxxx & Associates. % Fuel Increase or Decrease Price Change +/- Unit bid price per tonne - Schedule “C” 10.1 - 15.0 2% 15.1 - 20.0 4% 20.1 - 25.0 6% 25.1 - 30.0 8% 30.1 - 35.0 10% 35.1 - 40.0 12% 40.1 - 45.0 14% 45.1 - 50.0 16%
FUEL PRICE ADJUSTMENT. THE FIFTH PARAGRAPH IS CHANGED TO: The Department will calculate fuel price adjustment on a monthly basis using the following formula: F = (MF − BF) G Where:
FUEL PRICE ADJUSTMENT. THE FIFTH PARAGRAPH IS CHANGED TO: The Department will calculate fuel price adjustment on a monthly basis using the following formula: F = (MF − BF) × G Where: F = Fuel Price Adjustment MF = Monthly Fuel Price Index for work performed from the first day of the month to the last day of the month for the month prior to the estimate cutoff date BF = Basic Fuel Price Index G = Gallons of Fuel for Price Adjustment THE SEVENTH PARAGRAPH IS CHANGED TO: The basic fuel price index is the previous month’s fuel price index before receipt of bids. The Department will use the fuel price index for the month before the regular monthly estimate cutoff date as the Monthly Fuel Price Index for work performed in the previous calendar month. If the Monthly Fuel Price Index increases by 50 percent or more over the Basic Fuel Price Index, do not perform any work involving Items listed in Table 160.03.01-1 without written approval from the RE.
FUEL PRICE ADJUSTMENT. In the event that the actual price for JET A-1 fuel (FOB Barges Rotterdam) as published by S&P Global Platts on date of Agreement and the same on date of the first flight under the Agreement, has increased with more than 5% (five percent), the Carrier will be entitled to charge the Charterer a fuel surcharge on the charter pricing calculated as the part of the charter price constituting the fuel price, multiplied by the ratio of referenced fuel price on date of the first flight under the Agreement, divided by referenced fuel price on date of the Agreement.
FUEL PRICE ADJUSTMENT. G-9 SCHEDULE OF ESTIMATED COMPLETION PROGRESS:................................................. G-9 MINORITY BUSINESS ENTERPRISE AND WOMEN BUSINESS ENTERPRISE: .......... G-10 CONTRACTOR'S LICENSE REQUIREMENTS: .................................................................. G-24 SUBSURFACE INFORMATION:........................................................................................... G-24 LOCATING EXISTING UNDERGROUND UTILITIES:...................................................... G-24 VALUE ENGINEERING PROPOSAL: .................................................................................. G-24 RESOURCE CONSERVATION AND ENV. SUSTAINABLE PRACTICES:...................... G-25 DOMESTIC STEEL: ................................................................................................................ G-26 REMOVABLE PAVEMENT MARKINGS - (Partial Payments for Materials):..................... G-26 MAINTENANCE OF THE PROJECT: ................................................................................... G-27 TWELVE MONTH GUARANTEE: ........................................................................................ G-27 OUTSOURCING OUTSIDE THE USA: ................................................................................. G-28 IRAN DIVESTMENT ACT: .................................................................................................... G-28 GIFTS FROM VENDORS AND CONTRACTORS: .............................................................. G-29 LIABILITY INSURANCE:...................................................................................................... G-29 EMPLOYMENT:...................................................................................................................... G-29 STATE HIGHWAY ADMINISTRATOR TITLE CHANGE:................................................. G-30 SUBLETTING OF CONTRACT: ............................................................................................ G-30 ROADWAY................................................................................................................................ R-1
FUEL PRICE ADJUSTMENT. The Fee Per Case shall be adjusted every six months (6) to reflect the increases or decreases in fuel costs per gallon, on a one month lagged basis, in the following fashion: The October 1,2003 West Coast fuel price published on the 1st day of October or first date of publication following the 1st day of October (which is compiled by Energy Information Administration, Retail On-Highway Diesel Prices, National Average as shown on their Website:http:www.cia.doe.gov/pub/oil_gas/ petroleum/data_publications/weeklx_xx_xxxxxxx_xxxxxx_xxxxxx/xurrent/html/ html/diesel.html) will be subtracted From the West Coast fuel price for subsequent bi-annual adjustment. For every $0.10 per gallon increase or decrease in fuel prices the markup per case will increase or decrease by $0.01. Fuel cost adjustments shall be added to or subtracted from the Fee Per Case at the beginning of the accounting period following the first of the month fuel cost posting.
FUEL PRICE ADJUSTMENT. Not later than five (5) Business Days, nor earlier than ten (10) Business Days, prior to the Closing Date, HEP shall deliver to Buyer a written statement setting forth the amount of fuel included in the Purchased Assets and the third-party direct costs incurred by HEP for the purchase and transportation thereof (the Fuel Price Adjustment), in each case determined as set forth on Exhibit D and supported by reasonably detailed evidence of such costs. In no event shall the Fuel Price Adjustment include any internal costs of Sellers or any Affiliate thereof, whether for overhead or otherwise.
FUEL PRICE ADJUSTMENT. THE FIFTH PARAGRAPH IS CHANGED TO: The monthly fuel price index will be posted every month on the Department’s web site: xxx.xxxxx.xx.xx/xxxxxxxxxxxxxx/xxx/XXXXX/XxxxxXxxxx.xxxx. THE FIRST SENTENCE OF THE SIXTH PARAGRAPH IS CHANGED TO: The basic fuel price index will be the previous month’s fuel price index before receipt of bids. THE EIGHTH PARAGRAPH IS DELETED: SECTION 107 - LEGAL RELATIONS AND RESPONSIBILITY TO PUBLIC
FUEL PRICE ADJUSTMENT. A fuel price adjustment (up or down) will be made to the vendor’s original bid price (contract rate) once each year based on the increase or decrease in the cost of diesel fuel in accordance with the following procedure: Adjustments will be based on diesel fuel pricing posted for the Central Atlantic Region PADD 1B by the US Department of Energy’s weekly “EIA Retail On-Highway Diesel Prices– Average All Types.” (xxxx://xxxxx.xxx.xxx.xxx/oog/info/wohdp/diesel.asp) (the ”EIA Posted Price”). If this source becomes unavailable, unworkable, or unsuitable, another source may be selected by the State. Each year, the State will compute an increase or decrease to be applied to the contract rate based on the difference between the EIA Posted Price in effect on the date of the bid opening and the EIA Posted Price in effect on the 1st business day of the new contract year (the “New Rate”). If there is no EIA posting on the first business day of the new contract year, the next day’s published posting will be used for the adjustment. Each year, the yearly price adjustment will be added to or deducted from the original awarded contract price per hour. The price adjustment will be effective on the 1st business day of the new contract year. Adjustments will be rounded to the nearest cent. The State will issue an amendment to the contract to amend all contract awarded prices on or after the effective date of the price change. ANY INCREASE OR DECREASE SHALL BE CALCULATED TIMES SIX (6) FOR AN ESTIMATED 6 GALLON USAGE PER HOUR. EXAMPLE: (Posting examples are not reflective of actual posting amounts) Base Rate: Published rate on date of bid opening: $4.279 New Rate: April 9, 2012 posting (the 2nd Monday in April): $4.282 $4.279 -$4.282=$.0.003 or $.03. Amount to be times by six (6) and added to the original awarded hourly contract price effective April 2012.
