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P = The price per unit bid for the asphalt concrete. D = The differential in the per gallon price of liquid asphalt in accordance with the Asphalt Price Index for the liquid asphalt, from the price per gallon of the liquid asphalt in the month of the date bid, and the price per gallon of the liquid asphalt in the month in which the material is incorporated in the project. N = Number of gallons of liquid asphalt per unit bid. f. The payment adjustment for prime coat and tack coat shall be based on the differential in the per gallon price of the prime or tack, in accordance with the asphalt price index for the prime or tack, from the price per gallon in the month of the date bid and the price per gallon in the month in which the material is incorporated into the project for each gallon of prime or tack coat utilized. g. A price adjustment will be made only when the current asphalt price index for the month the material was incorporated into the project varies by 5% or more from the index that was applicable during the month that bids were received. h. The Contractor shall make available to the Engineer any tickets, scale weights, etc. needed to determine the number of gallons of liquid asphalt utilized in the preparation of the asphalt concrete. j. A 'Bituminous Material (Adjustment)" allowance item has been included on the Bid Form. The printed amount indicated is only an estimate. The payment will be in accordance with the above Special Provisions 09/24 Page 10 of 16 bids were received for this contract. The Contractor will not be given the option to reject this cost adjustment of bituminous materials. This adjustment will be made in accordance with the following criteria: a. Price adjustment will apply only to the price of bituminous material, based on the above mentioned asphalt price index and will not reflect variations in the cost of transportation from the terminal to the job site, cost of aggregates or any other factors involved in the composition or pricing of asphalt. b. Price adjustments will be made for all bituminous material incorporated in the asphalt pavement, whether paid for under a separate bid item for asphalt concrete or under other items which include the cost of bituminous material. c. The adjusted unit price for bituminous material will be used in preparing monthly progress payments. ' d. No price adjustment reflecting any further increases in the cost of bituminous material will be made for any month after expiration of the allowable contract time including any extensions that may be granted. e. The adjusted unit price for asphalt concrete shall be calculated for the month during which the material was incorporated into the project, in accordance with the following formula: Pa= P +(DxN) Pa = Adjusted unit price for asphalt concrete (to be calculated separately for each month during which the bituminous material is used and will reflect an increased or decreased price). P = The price per unit bid for the asphalt concrete. D = The differential in the per gallon price of liquid asphalt in accordance with the Asphalt Price Index for the liquid asphalt, from the price per gallon of the liquid asphalt in the month of the date bid, and the price per gallon of the liquid asphalt in the month in which the material is incorporated in the project. N = Number of gallons of liquid asphalt per unit bid. f. The payment adjustment for prime coat and tack coat shall be based on the differential in the per gallon price of the prime or tack, in accordance with the asphalt price index for the prime or tack, from the price per gallon in the month of the date bid and the price per gallon in the month in which the material is incorporated into the project for each gallon of prime or tack coat utilized. g. A price adjustment will be made only when the current asphalt price index for the month the material was incorporated into the project varies by 5% or more from the index that was applicable during the month that bids were received. h. The Contractor shall make available to the Engineer any tickets, scale weights, etc. needed to determine the number of gallons of liquid asphalt utilized in the preparation of the asphalt concrete. j. A 'Bituminous Material (Adjustment)" allowance item has been included on the Bid Form. The printed amount indicated is only an estimate. The payment will be in accordance with the above Special Provisions 09/24 Page 10 of 16