Price Adjustment Clauses Focus of NCHRP Research

In 2011, the National Cooperative Highway Research Program (NCHRP) released a study titled, Price Indexing in Transportation Construction Projects.  The objectives of the research was to collect and analyze data on the use of price adjustment clauses from state DOT’s and highway construction contractors.  The commodities evaluated in this research were cement, steel, asphalt, and fuel.

The attached document contains information regarding this report as published in the Summer 2011 issue of Ohio Asphalt magazine.