154-22 Correspondence with Attachments.pdf

TOWNSHIP OF WEST ORANGE 25 Lakeside Avenue, West Orange, New Jersey 07052 DEPARTMENT OF PUBLIC WORKS Engineering Division ROBERT PARISI MAYOR LEONARD R. LEPORE Tel: (973) 325-4160 Municipal Engineer Director of Public Works Fax: (973) 669-9588 Email: Engineering@westorange.org AN EQUAL OPPORTUNITY EMPLOYER www.westorange.org [FILENAME:ma 2020 fuel price adjustment for resolution] Page | 1 ZYC 06/06/2022‐CALCULATIONS FUEL PRICE ADJUSTMENT CALCULATION FOR ARVERNE ROAD, CRESTMONT ROAD & WESTOVER TERRACE Asphalt Index: MF = $ 5.46 – PRICE DURING INSTALLATION (JUNE 2022) T = 1,742 TON (HMA 12.5M64)– BASED ON CONTRACT AMOUNT T = 0 TON (HMA 19M64) Ttotal= 1,742 TON HMA MILLING, 3” OR LESS = 13,168 SY– BASED ON CONTRACT AMOUNT BF = $ 3.30 – BID OPENING IN NOVEMBER 2021, (OCTOBER 2021 PRICE) HMA SURFACE COURSE= 1,742 TON * 2.5 GAL/TON = 4355 GAL HMA MILLING, UNCLASSIFIED DEPTH= 13,168 SY * 0.25 GAL/SY= 3292 GAL 7647 GAL EQUATION USED: F = (MF ‐BF) x G WHERE: F= FUEL PRICE ADJUSTMENT (FPA) MF= MONTHLY FPA BF = BASIC FPA G= GALLONS OF FUEL FOR PRICE ADJUSTMENT F = (MF‐BF) x G F= ($5.46‐$3.30) x (7647 GAL) = $16,517.52