Rhode Island Department of Transportation (RIDOT) · RIDOT Standard Specifications for Road & Bridge Construction
Section 938 — Price Adjustments
Rhode Island RIDOT Standard Specifications for Road & Bridge Construction, Section 938. Full text, cross-references and related pay items on BuildSpec.
SECTION 938 — PRICE ADJUSTMENTS 900-107 — PRICE ADJUSTMENTS 938.01 DESCRIPTION. This provision ensures adequate and fair compensation for unpredictable and fluctuating costs that, from time to time, occur in the prices of liquid asphalt, diesel fuel , and steel, as described below. 938.02 DEFINITIONS. Base Price of Liquid Asphalt and Diesel Fuel. The base price is the unit price of the material (FOB Terminal) as determined by the Department. The base prices for liquid asphalt and diesel fuel will be determined just before the first date that the NOTICE TO CONTRACTORS is advertised in the…
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