MTI publishes each month a revised asphalt cement cost-adjustment clause, based upon an index. Click here to see the latest update.
- The MTI AC index is based on the price, excluding taxes, of asphalt cement grade PG 58-28.
- The index will be used to establish and calculate the cost adjustment for projects with performance and penetration grade asphalt cement.
- Updates to the table shall be posted on the Tendering & Contracts site under the link “MTI Asphalt Cement Price Index (PDF)”.
MHCA is meeting with MTI mid-June regarding its proposed asphalt cement cost-adjustment clause. An index will be used to establish and calculate the payment adjustment for all grades.