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Price Trends for Federal-Aid Highway Construction


Fourth Quarter 2003


Three-Quarter Moving Index Price Trend

1987 Base

Three-Quarter Moving Index Price Trend for Fourth Quarter 2003. Graph of Composite Index versus Year from 1997 - 2003. The data can be found in the Price Trends for Federal-Aid Highway Construction - Three-Quarter Moving Index table below

The three-quarter moving composite price index is the weighted average of the indices for three consecutive quarters.

The Composite Bid Price Index is composed of six indicator items: common excavation, to indicate the price trend for all roadway excavation; portland cement concrete pavement and bituminous concrete pavement, to indicate the price trend for all surfacing types; and reinforcing steel, structural steel, and structural concrete, to indicate the price trend for structures. Descriptions of the six indicator items can be found in Federal-aid Policy Guide G-6011-10.

Development of the index is discussed in some detail in PUBLIC ROADS magazines, volume 31, No. 10, October 1961; volume 36, No. 4, October 1970; and volume 45, No. 1, June 1981.

Average contract prices shown herein are based on actual bids and include costs of materials, labor, equipment, overhead and profit.

Disclaimer: The base for each State index is its own particular "market basket" of quantities and costs during the base period. The composite index for each State measures the change in that State's index since base year 1987. (in 1987 each State's index equaled 100). These indices are not to be used for State comparisons.

The information contained in this document is based on a limited sampling of information, as provided to the Federal Highway Administration (FHWA) by State Departments of Transportation. FHWA guidance calls for data to be provided on all National Highway System projects except those projects with a contract value less than $500,000, or installation of protective devices at railroad grade crossings, or beautification projects.

This document is disseminated under the sponsorship of the Department of Transportation in the interest of information exchange. The United States Government assumes no liability for the use of the information contained in this document.

Office of Infrastructure
Office of Program Administration
(202) 366-4636
Publication Number FHWA-IF-04-018

For Official Distribution

Price Trends for Federal-Aid Highway Construction

1987 Base
Year Common excavation Surfacing Structures Composite index
Average contract price (cu. yd.) Index Portland cement concrete2 Bituminous concrete Surfacing index Reinforcing steel Structural steel Structural concrete Structures index
Average contract price (sq. yd.) Index Average contract price (ton) Index Average contract price (lb.) Index Average contract price (lb.) Index Average contract price (cu. yd.) Index
1972 .72 29.7 6.42 43.6 9.23 37.5 39.5 .181 41.1 .342 38.6 100.17 41.6 40.7 38.6
1973 .80 33.0 7.00 47.5 10.02 40.7 42.9 .207 47.0 .372 42.0 111.81 46.4 45.4 42.5
1974 1.00 41.2 8.88 60.3 14.74 59.8 60.0 .339 76.9 .551 62.3 136.80 56.8 61.7 57.9
1975 1.03 42.5 8.88 60.3 15.13 61.4 61.0 .297 67.4 .554 62.6 138.76 57.6 60.6 58.1
1976 1.03 42.5 8.92 60.6 14.83 60.2 60.3 .258 58.5 .484 54.7 139.59 58.0 57.2 56.3
1977 1.16 47.8 9.95 67.5 15.47 62.8 64.3 .272 61.7 .520 58.8 143.51 59.6 59.7 59.8
1978 1.54 63.5 11.90 80.8 17.16 69.6 73.3 .316 71.7 .603 68.1 172.41 71.6 70.7 70.7
1979 1.62 66.8 14.02 95.2 21.21 86.1 89.0 .421 95.5 .759 85.8 211.33 87.8 88.6 85.5
1980 1.83 75.5 14.92 101.3 25.29 102.6 102.2 .483 109.6 .941 106.3 226.68 94.1 100.0 97.2
1981 1.76 72.6 14.17 96.2 25.63 104.0 101.4 .438 99.4 .790 89.3 231.64 96.2 94.9 94.2
1982 1.59 65.6 13.03 88.5 24.33 98.7 95.3 .407 92.4 .762 86.1 219.63 91.2 90.0 88.5
1983 1.74 71.8 12.69 86.1 24.27 98.5 94.4 .398 90.3 .708 80.0 213.85 88.8 86.7 87.6
1984 1.90 78.4 13.64 92.6 26.52 107.6 102.7 .409 92.8 .709 80.1 218.02 90.5 88.2 92.6
1985 2.24 92.4 14.31 97.1 28.52 115.7 109.6 .444 100.7 .796 89.9 243.60 101.2 98.1 102.0
1986 2.28 94.0 15.63 106.1 26.48 107.4 107.0 .442 100.3 .850 96.0 236.37 98.2 98.0 101.1
1987 2.42 100.0 14.80 100.0 24.65 100.0 100.0 .441 100.0 .885 100.0 240.81 100.0 100.0 100.0
1988 2.72 112.2 14.33 97.3 24.91 101.1 99.8 .494 112.1 .924 104.4 274.12 113.8 111.0 106.6
1989 2.40 99.0 15.17 103.0 24.08 97.7 99.4 .556 126.2 1.018 115.0 283.40 117.7 118.4 107.7
1990 2.38 98.1 15.91 108.0 24.52 99.5 102.3 .529 120.0 1.010 114.1 286.18 118.8 117.8 108.5
1991 2.32 95.5 16.58 112.5 25.52 103.6 106.5 .505 114.6 1.030 116.4 264.98 110.0 112.5 107.5
1992 2.20 90.8 17.80 120.8 24.66 100.1 106.9 .520 117.9 .916 103.5 259.61 107.8 108.4 105.1
1993 2.50 103.2 18.81 127.7 26.26 106.6 113.5 .467 106.0 .861 97.3 261.89 108.7 105.3 108.3
1994 2.75 113.2 20.88 141.7 27.80 112.8 122.3 .515 116.8 .847 95.7 271.94 112.9 109.0 115.1
1995 2.73 112.8 22.07 149.8 28.87 117.1 127.9 .542 122.9 .922 104.2 302.66 125.7 119.5 121.9
1996: 2.92 120.6 19.64 133.3 27.50 111.6 118.7 .581 121.5 1.068 120.7 293.85 122.0 121.6 120.2
1997: 2.85 117.6 23.75 161.2 23.39 119.2 133.0 .567 128.7 1.186 134.0 320.90 133.2 132.7 130.6
1998: 3.01 124.3 23.65 160.5 25.00 101.4 120.8 .544 123.4 1.111 125.5 337.25 140.0 133.4 126.9
1999: 2.93 120.9 23.49 159.5 32.28 130.9 140.3 .554 125.7 1.224 138.3 342.24 142.1 138.3 136.5
2000: First quarter 2.71 111.8 25.17 170.9 32.65 132.5 145.1 .590 133.9 1.079 121.9 364.40 151.3 140.6 138.1
Second quarter   3.48 143.6 25.07 170.2 36.72 148.9 155.9 .662 150.2 1.432 161.9 396.92 164.8 161.5 156.6
Third quarter 2.94 121.2 24.65 167.4 34.55 140.2 149.1 .371 84.2 1.343 151.7 335.58 139.3 133.2 137.9
Fourth quarter 3.01 124.1 26.51 179.9 36.54 148.2 158.6 .589 133.6 1.427 161.3 362.70 150.6 150.5 149.9
Annual 3.01 124.1 25.30 171.7 35.15 142.6 152.2 .549 124.6 1.351 152.6 363.66 151.0 146.9 145.6
2001: First quarter 3.91 161.3 29.93 203.2 35.31 143.2 162.9 .576 130.7 1.461 165.1 302.70 125.7 136.9 151.2
Second quarter 3.29 135.8 21.42 145.4 34.42 139.6 141.5 .550 124.7 1.057 119.4 337.67 140.2 132.1 136.5
Third quarter 2.50 103.2 27.60 187.4 35.57 144.3 158.4 .545 123.7 1.176 132.8 343.27 142.5 136.8 140.6
Fourth quarter 3.27 135.1 29.09 197.5 35.87 145.5 162.6 .726 164.6 1.166 131.8 392.65 163.0 155.1 155.1
Annual 3.05 125.9 28.21 191.5 34.93 141.7 158.1 .601 136.4 1.201 135.8 339.44 140.9 138.8 144.8
2002: First quarter 3.05 125.7 24.26 164.7 31.00 125.8 138.5 .618 140.2 1.628 183.9 395.18 164.1 165.2 148.4
Second quarter 2.94 121.3 32.31 219.3 35.52 144.1 168.8 .631 143.2 1.427 161.2 393.88 163.6 159.5 157.5
Third quarter 3.05 125.6 23.66 160.6 36.16 146.7 151.3 .583 132.3 1.433 161.9 377.90 156.9 154.0 148.6
Fourth quarter 2.67 109.9 28.31 192.2 33.33 135.2 153.9 .620 140.8 .972 109.8 336.13 139.6 131.9 137.6
Annual 2.94 121.2 25.86 175.5 34.14 138.5 150.7 .610 138.4 1.436 162.2 374.96 155.7 154.5 147.9
2003: First quarter 5.15 212.2 23.55 159.8 32.35 131.3 140.6 0.647 146.7 1.177 133.0 441.81 183.5 163.8 161.6
Second quarter 3.23 133.1 24.33 165.1 33.86 137.4 146.5 .833 188.9 1.272 143.7 425.42 176.6 170.0 154.8
Third quarter 4.09 168.6 29.07 197.3 31.92 129.5 151.8 .631 143.1 1.102 124.6 374.83 155.6 145.3 151.4
Fourth quarter 2.67 110.0 21.14 143.5 31.57 128.1 133.1 .667 151.3 1.241 140.2 383.96 159.4 152.9 138.4
Annual 3.45 142.3 23.95 162.6 32.54 132.0 142.1 .718 162.9 1.219 137.8 406.02 168.6 159.5 149.8

Annual Price Trends

1987 Base

Annual Price Trends Graph of Composite Index versus Years from 1990 to 2003. Data from above table

Quarterly Price Trends

1987 Base

Annual Price Trends Graph of Composite Index versus Quarter from 1997 to 2003. Data from above table


Price Trends for Federal-aid Highway

Construction Rural and Urban

1987 Base1
Year Common excavation Portland cement concrete surface2 Bituminous concrete surface Surfacing
Average contract price (cu. yd.) Index Average contract price (sq. yd.) Index Average contract price (ton) Index Index
Rural Urban Rural Urban Rural Urban Rural Urban Rural Urban Rural Urban Rural Urban
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15)
1972 2 .65 1.01 26.8 41.7 5.96 7.39 40.5 50.2 8.63 10.84 35.0 44.0 36.8 46.0
1973 .72 1.07 29.7 44.1 6.42 8.01 43.6 54.4 9.25 11.70 37.5 47.5 39.5 49.7
1974 .87 1.35 35.9 55.7 8.08 10.55 54.9 71.6 13.53 17.43 54.9 70.7 54.9 71.0
1975 .91 1.51 37.5 62.3 8.16 10.39 55.4 70.5 14.47 17.03 58.7 69.1 57.6 69.6
1976 .93 1.40 38.4 57.7 8.18 10.31 55.5 70.0 14.04 16.85 57.0 68.4 56.5 68.9
1977 1.09 1.46 45.0 60.2 8.83 11.52 59.9 78.2 14.84 17.71 60.2 71.9 60.1 73.9
1978 1.42 1.83 58.6 75.5 10.06 13.78 68.3 93.5 16.47 18.74 66.8 76.0 67.3 81.8
1979 1.45 2.15 59.8 88.7 12.33 16.59 83.7 112.6 20.15 24.37 81.8 98.9 82.4 103.4
1980 1.67 2.25 68.9 92.8 13.89 16.57 94.3 112.5 24.26 27.97 98.4 113.5 97.1 113.2
1981 1.55 2.27 63.9 93.6 13.02 15.32 88.4 104.0 24.63 26.68 99.9 108.2 96.1 106.9
1982 1.48 1.74 61.0 71.8 11.86 14.27 80.5 96.9 23.46 26.41 95.2 107.2 90.4 103.8
1983 1.59 2.10 65.6 86.6 11.83 14.58 80.3 99.0 23.46 26.72 95.2 108.4 90.3 105.3
1984 1.66 2.50 68.5 103.1 12.55 15.77 85.2 107.1 25.58 28.84 103.8 117.0 97.7 113.7
1985 1.85 3.20 76.3 132.0 13.29 15.67 90.2 106.4 27.51 30.89 111.6 125.3 104.6 119.1
1986 1.88 2.95 77.5 121.7 13.63 17.86 92.5 121.2 24.69 30.21 100.2 122.6 97.7 122.1
1987 1.91 3.37 78.8 139.0 13.37 17.06 90.8 115.8 23.39 27.81 94.9 112.8 93.5 113.8
1988 2.00 3.72 82.5 153.4 13.39 15.62 90.9 106.0 23.58 28.14 95.7 114.2 94.1 111.5
1989 2.01 3.20 82.9 132.0 13.56 16.67 92.0 113.2 22.17 28.66 89.9 116.3 90.6 115.3
1990 1.98 3.27 81.6 134.9 14.50 17.43 98.5 118.3 23.20 27.84 94.1 113.0 95.5 114.7
1991 1.98 2.89 81.6 119.2 16.02 17.08 108.8 115.9 24.51 27.63 99.4 112.1 102.5 113.4
1992 1.88 2.91 77.7 120.2 15.97 19.99 108.4 135.7 23.97 26.38 97.3 107.0 100.9 116.4
1993 2.16 3.57 89.2 147.3 18.41 19.50 124.9 132.3 25.86 27.20 104.9 110.4 111.5 117.6
1994 2.20 3.58 90.6 147.8 19.45 22.00 132.0 149.3 26.26 30.89 106.5 125.3 114.9 133.2
1995 2.36 3.94 97.3 162.5 20.63 23.52 140.0 159.6 26.96 32.04 109.4 130.0 119.4 139.7
1996 2.67 3.68 110.3 151.9 19.49 19.76 132.3 134.1 27.31 27.84 110.8 112.9 117.8 119.9
1997 2.47 3.96 102.1 163.4 21.50 27.14 145.9 184.2 27.71 33.48 112.4 135.8 123.4 151.7
1998 2.63 4.51 108.4 186.1 23.14 24.34 157.1 165.2 23.86 28.09 96.8 113.9 116.6 130.8
1999 2.51 4.35 103.7 179.3 23.79 23.05 161.5 156.5 31.44 34.71 127.6 140.8 138.7 145.9
2000: First quarter 2.32 4.72 95.7 194.9 24.00 28.81 162.9 195.6 31.85 35.35 129.2 143.4 140.3 160.5
Second quarter 2.96 6.71 122.2 276.9 25.40 24.36 172.4 165.4 36.00 38.96 146.0 158.1 154.7 160.5
Third quarter 2.58 3.71 106.5 152.8 23.71 27.72 160.9 188.2 33.70 37.03 136.7 150.3 144.7 162.7
Fourth quarter 2.88 4.20 118.7 173.2 25.39 29.79 173.4 202.2 35.32 40.60 143.3 164.7 152.8 177.0
Annual 2.67 4.52 110.2 186.2 24.54 27.55 166.6 187.0 34.33 37.82 139.3 153.4 148.2 164.5
2001: First quarter 3.46 5.28 142.7 217.7 29.22 31.47 198.3 213.6 33.71 40.10 136.7 162.7 156.9 179.4
Second quarter   2.61 5.19 107.5 213.9 16.97 25.39 114.2 172.4 32.40 39.64 131.4 160.8 126.1 164.6
Third quarter 2.12 3.81 87.5 157.0 23.770 35.50 160.9 241.0 35.17 36.72 142.7 148.9 148.6 179.2
Fourth quarter 2.87 5.53 118.3 228.2 28.80 29.52 195.5 200.4 34.13 40.41 138.5 163.9 157.2 175.9
Annual 2.62 4.93 107.9 203.5 25.59 32.60 173.7 221.3 33.51 39.42 135.9 159.9 148.3 180.1
2002: First quarter 2.71 4.84 111.8 199.6 21.77 33.50 147.8 227.4 28.54 39.10 115.8 158.6 126.3 181.2
Second quarter 2.47 5.17 101.8 213.1 41.43 30.23 281.2 205.2 34.05 38.92 138.1 157.9 185.1 173.4
Third quarter 2.65 4.02 109.1 165.8 19.67 29.31 133.5 198.9 33.73 36.75 136.9 149.1 135.8 165.5
Fourth quarter 2.08 5.72 85.6 235.8 24.60 40.54 167.0 275.2 31.12 35.64 126.3 144.6 139.7 187.5
Annual 2.49 4.80 102.7 197.9 22.48 31.73 152.6 215.4 31.78 37.43 128.9 151.9 136.7 172.7
2003: First quarter 4.62 6.59 190.7 271.6 18.13 31.41 123.1 213.2 33.62 31.86 136.4 129.3 132.0 156.8
Second quarter 2.63 6.93 108.3 285.7 20.57 29.86 139.6 202.7 33.41 41.62 135.6 168.8 136.9 179.9
Third quarter 3.17 5.19 130.9 213.9 29.13 27.58 197.8 187.2 32.45 43.61 131.7 176.9 153.4 180.3
Fourth quarter 2.38 2.74 98.1 113.2 21.19 20.82 143.9 141.3 34.05 41.78 138.1 169.5 140.0 160.2
Annual 2.82 4.92 116.3 203.0 20.97 27.18 142.4 184.5 33.44 39.19 135.7 158.9 137.9 167.4

1 Base for composite index, 1987, involves 210,078,000 cubic yards of roadway excavation, 30,893,690 square yards of portland cement concrete surfacing with an average thickness of 9 inches, 37,760,443 tons of bituminous concrete surfacing, 577,753,544 pounds of reinforcing steel for structures, 444,924,141 pounds of structural steel and 3,498,333 cubic yards of structural concrete.

2 Starting with 1972, prices for portland cement concrete surfacing reflect adjustments to a standard 9" thickness in each State. Prices do not include costs for reinforcing steel and joints.

Price Trends for Federal-aid Highway

Construction Rural and Urban

Continued
Year Structural reinforcing steel Structural steel Structural concrete Structures Composite
Average contract price (lb.) Index Average contract price (lb.) Index Average contract price (cu. yd.) Index Index Index Ratio of urban prices to rural prices
Rural Urban Rural Urban Rural Urban Rural Urban Rural Urban Rural Urban Rural Urban Rural Urban
(1) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32)
1972 .178 .182 40.4 41.3 .333 .346 37.6 39.1 100.68 99.66 41.8 41.4 40.5 40.8 36.9 43.0 1.17
1973 .204 .208 46.3 47.2 .391 .355 44.2 40.1 111.48 112.07 46.3 46.5 45.7 45.0 40.8 46.8 1.15
1974 .339 .340 76.9 77.1 .508 .573 57.4 64.7 138.76 135.35 57.6 56.2 60.9 62.0 54.7 64.8 1.18
1975 .287 .307 65.1 65.1 .523 .582 59.1 65.8 135.00 143.27 56.1 59.5 58.4 62.1 54.9 65.2 1.19
1976 .269 .248 61.0 56.3 .478 .488 54.0 55.1 141.20 138.08 58.6 57.3 57.8 56.6 54.4 61.8 1.14
1977 .274 .270 62.2 61.3 .523 .517 59.1 58.4 145.33 141.68 60.3 58.8 60.3 59.1 57.9 65.4 1.13
1978 .323 .309 73.3 70.1 .586 .615 66.2 69.5 173.49 171.30 72.0 71.1 70.7 70.5 67.5 75.9 1.12
1979 .416 .425 94.4 96.4 .768 .753 86.8 85.1 219.07 205.25 91.0 85.2 90.4 87.1 82.5 94.0 1.14
1980 .463 .498 105.1 113.0 .777 1.012 87.8 114.3 241.38 217.76 100.2 90.4 97.8 100.6 93.1 104.6 1.12
1981 .440 .436 99.8 98.9 .773 .800 87.3 90.4 254.71 216.49 105.8 89.9 99.9 91.6 92.9 98.1 1.06
1982 .414 .403 93.9 91.4 .705 .778 79.7 87.9 237.52 210.03 98.6 87.2 92.8 88.1 87.0 92.1 1.06
1983 .391 .402 88.7 91.2 .672 .731 75.9 82.6 217.00 211.84 90.1 88.0 86.1 87.1 84.7 94.5 1.11
1984 .408 .409 92.6 92.8 .667 .724 75.4 81.8 226.17 213.60 93.9 88.7 88.8 87.6 89.4 100.6 1.13
1985 .441 .446 100.1 101.2 .794 .797 89.7 90.1 240.45 245.36 99.8 101.9 97.2 98.6 97.1 112.0 1.15
1986 .448 .440 101.7 99.8 .832 .856 94.0 96.7 260.72 228.50 108.3 94.9 103.4 96.2 97.1 110.7 1.14
1987 .456 .436 103.5 98.9 .848 .900 95.8 101.7 258.21 234.95 107.2 97.6 103.6 98.9 95.7 111.0 1.16
1988 .481 .498 109.1 113.0 .890 .932 100.6 105.3 262.23 278.33 108.9 115.6 106.7 112.4 97.9 118.2 1.21
1989 .495 .576 112.3 130.7 .994 1.026 112.3 115.9 273.78 286.88 113.7 119.1 113.1 120.3 99.4 120.0 1.21
1990 .580 .510 131.6 115.7 .934 1.04 105.6 117.5 297.22 281.33 123.4 116.8 120.1 116.8 104.3 118.7 1.14
1991 .492 .510 111.5 115.7 .939 1.06 106.1 119.8 276.49 259.65 114.8 107.8 111.9 112.3 103.5 113.8 1.10
1992 .482 .530 109.5 120.9 .879 .94 99.3 106.0 281.19 250.79 116.8 104.1 110.9 107.5 101.8 113.1 1.11
1993 .492 .453 111.6 102.7 .859 .863 97.1 97.5 259.52 263.29 107.7 109.3 105.6 105.0 105.5 116.5 1.10
1994 .501 .520 113.7 118.0 .843 .849 95.3 95.9 276.76 269.93 114.9 112.1 109.5 108.8 108.9 124.6 1.14
1995 .503 .561 114.1 127.4 .853 .973 96.3 109.9 272.76 321.85 113.2 133.6 108.9 126.3 111.5 137.2 1.23
1996 .564 .519 127.9 117.7 1.047 1.084 118.3 122.5 301.57 288.80 125.2 119.9 123.9 120.2 119.4 124.9 1.05
1997 .568 .566 128.9 128.5 1.075 1.227 121.5 138.6 307.58 329.17 127.7 136.7 126.3 135.8 121.5 146.5 1.21
1998 .559 .533 126.8 121.0 1.061 1.144 119.9 129.3 354.92 321.48 147.4 133.5 136.6 130.2 124.2 138.9 1.11
1999 .525 .572 119.0 129.9 1.204 1.236 136.0 139.7 325.11 354.40 134.9 147.2 132.5 142.2 130.7 149.3 1.14
2000: First quarter .596 .587 135.2 133.2 1.083 1.075 122.4 121.5 347.47 374.19 144.3 155.4 136.9 142.6 132.1 157.8 1.19
Second quarter .617 .774 139.9 175.7 1.134 1.770 128.1 199.9 375.93 464.08 156.1 192.7 145.1 191.7 145.9 191.7 1.31
Third quarter .219 .633 49.8 143.6 1.162 1.438 131.3 162.5 352.45 325.35 146.4 135.1 125.9 143.8 130.7 152.9 1.17
Fourth quarter .525 .632 119.1 143.4 1.224 1.466 138.3 165.7 379.69 350.54 157.7 145.6 145.9 150.5 144.7 164.8 1.14
Annual .471 .630 106.8 143.0 1.145 1.452 129.4 164.0 365.55 362.09 151.8 150.4 138.2 152.7 138.1 162.6 1.18
2001: First quarter .562 .589 127.5 133.6 1.211 1.530 136.9 172.9 289.92 313.95 120.4 130.4 125.9 142.1 141.2 168.8 1.19
Second quarter   .505 .574 114.6 130.2 .860 1.129 97.2 127.6 302.46 363.02 125.6 150.7 116.2 141.1 118.9 161.7 1.35
Third quarter .571 .521 129.6 118.2 1.162 1.201 131.3 135.7 349.05 338.55 144.9 140.6 138.7 135.5 135.1 156.6 1.16
Fourth quarter .610 .864 138.3 196.0 1.213 1.137 137.1 128.4 383.19 402.57 159.1 167.2 149.7 161.9 148.1 177.6 1.19
Annual .566 .633 128.5 143.7 1.110 1.259 125.4 142.3 326.80 350.77 135.7 145.7 131.8 144.4 134.9 167.9 1.24
2002: First quarter .618 .618 140.2 140.2 1.009 1.919 114.0 216.9 401.98 391.65 166.9 162.6 148.4 173.1 133.8 180.4 1.34
Second quarter .623 .641 141.4 145.4 1.608 1.349 181.7 152.4 379.63 410.93 157.6 170.6 161.2 161.5 162.1 174.2 1.07
Third quarter 610 .546 138.4 123.9 1.420 1.264 160.5 142.8 425.74 337.19 176.8 140.0 165.9 138.0 145.0 153.4 1.05
Fourth quarter .530 .702 120.3 159.2 1.076 .886 121.5 100.1 349.52 312.47 145.1 129.7 134.7 126.9 129.3 168.1 1.30
Annual .595 .614 134.9 139.2 1.205 1.498 136.1 169.3 389.29 357.51 161.6 148.5 150.3 152.4 137.6 167.6 1.21
2003: First quarter .560 .693 127.2 157.2 1.070 1.206 120.9 136.2 418.85 446.12 173.9 185.2 151.9 167.5 149.6 178.8 1.20
Second quarter .610 .886 138.3 201.1 .967 1.317 109.2 148.8 366.62 456.83 152.2 189.7 138.5 180.9 133.3 196.3 1.47
Third quarter .697 .583 158.1 132.2 .911 1.061 102.9 119.8 397.49 352.72 165.1 146.5 147.5 137.0 147.4 166.3 1.13
Fourth quarter .676 .620 153.4 140.8 1.140 1.167 128.8 131.8 425.35 346.84 176.6 144.0 160.0 140.2 142.5 144.4 1.01
Annual .637 .747 144.6 169.4 1.037 1.238 117.1 139.8 401.80 412.66 166.8 171.3 149.9 162.7 139.9 170.7 1.22

Price Trends for Federal-Aid Highway Construction

1987 Base1

Three-Quarter Moving Index

Year Common excavation Surfacing Structures Composite index
Average contract price (cu. yd.) Index Portland cement concrete2 Bituminous concrete Surfacing index Reinforcing steel Structural steel Structural concrete Structures index
Average contract price (sq. yd.) Index Average contract price (ton) Index Average contract price (lb.) Index Average contract price (lb.) Index Average contract price (cu. yd.) Index
1986 2.31 95.3 15.84 107.5 25.70 104.3 105.3 .440 99.8 .855 96.6 232.34 96.5 97.1 100.2
1987 2.59 106.8 15.20 103.2 25.44 103.2 103.2 .451 102.3 .877 99.1 258.33 107.3 104.3 104.2
1988 2.56 105.6 14.81 100.5 24.83 100.7 100.7 .534 121.2 .989 111.7 283.00 117.5 116.6 108.4
1989 2.68 110.6 16.20 110.0 24.73 100.3 103.5 .557 126.4 1.004 113.4 280.61 116.5 117.4 110.7
1990 2.24 92.3 16.24 110.2 25.88 105.0 106.7 .532 120.7 1.076 121.6 292.29 121.4 123.4 111.0
1991 2.32 95.7 17.18 116.7 24.54 99.6 105.2 .475 107.7 .919 103.9 244.71 101.6 103.2 102.9
1992 2.30 94.8 18.07 122.6 24.71 100.2 107.6 .538 122.0 .908 102.6 249.85 103.8 106.5 105.2
1993 2.55 105.1 19.43 131.9 27.28 110.7 117.6 .483 109.5 .812 91.7 257.48 106.9 103.4 109.5
1994 2.80 115.6 28.77 195.3 28.15 114.2 140.8 .534 121.2 .913 103.2 297.77 123.6 117.8 126.9
1995 2.83 116.7 22.01 149.4 28.88 117.2 127.8 .522 118.5 .969 109.5 303.10 126.1 120.4 122.9
1996 2.85 117.5 21.28 144.5 29.21 118.5 127.0 .558 126.5 1.118 126.3 306.70 127.4 126.9 125.6
1997: First quarter 2.85 117.4 22.18 150.6 30.24 122.7 131.8 .552 125.2 1.121 126.6 309.44 128.5 127.4 127.7
Second quarter   2.93 120.9 23.12 156.9 28.96 117.5 130.5 .571 129.6 1.120 126.6 321.59 133.5 131.0 129.3
Third quarter 2.92 120.4 24.58 166.9 28.63 116.2 132.8 .559 126.9 1.199 135.4 305.82 126.9 129.2 129.4
Fourth quarter 2.82 116.2 24.51 166.4 23.56 95.6 118.8 .586 132.9 1.207 136.3 316.75 131.5 133.0 124.7
1998 First quarter 2.85 116.6 23.83 161.7 23.84 96.71 118.1 .573 130.0 1.177 132.9 323.75 134.4 133.3 124.6
Second quarter 3.10 127.7 23.19 157.4 24.76 100.4 119.2 .533 120.9 1.110 125.4 330.77 137.3 131.4 125.8
Third quarter 3.02 124.6 23.75 161.2 28.85 117.0 131.5 .512 116.1 1.093 123.5 337.68 140.2 131.7 130.6
Fourth quarter 2.95 121.7 23.55 159.9 29.43 119.4 132.7 .521 118.1 1.180 133.3 346.25 143.8 136.6 132.8
1999: First quarter 2.88 118.7 24.82 168.5 29.65 120.3 136.1 .556 126.2 1.190 134.5 345.75 143.6 138.2 134.4
Second quarter 3.03 125.1 22.43 152.2 31.97 129.7 137.1 .552 125.2 1.195 135.1 332.71 138.2 135.1 134.4
Third quarter 3.01 124.2 24.16 163.9 33.04 134.1 143.9 .559 126.8 1.222 138.0 344.14 142.9 138.9 138.7
Fourth quarter 2.78 114.7 23.60 160.2 33.04 134.0 142.6 .573 130.1 1.175 132.7 351.75 146.1 139.8 137.2
2000: First quarter 2.88 118.6 25.49 173.0 34.13 138.5 149.8 .597 135.5 1.280 144.6 372.31 154.6 148.7 144.6
Second quarter 3.01 124.1 24.85 168.7 34.78 141.1 150.2 .533 120.9 1.291 145.9 364.08 151.2 144.6 143.8
Third quarter 3.15 128.9 25.50 173.1 36.01 146.1 154.9 .532 120.8 1.411 159.4 364.46 151.3 148.3 148.2
Fourth quarter 3.22 132.9 27.33 185.5 35.44 143.8 157.5 .516 117.1 1.418 160.2 330.04 137.0 139.8 145.9
2001: First quarter 3.35 138.3 26.18 177.7 35.21 142.9 154.3 .574 130.3 1.329 150.2 331.12 137.5 139.6 145.4
Second quarter 2.96 122.2 26.26 178.2 34.63 140.5 152.9 .557 126.3 1.211 136.9 322.72 134.0 133.5 139.7
Third quarter 2.90 119.5 27.51 186.8 34.82 141.3 156.2 .610 138.5 1.123 126.9 356.92 148.2 140.9 143.9
Fourth quarter 2.99 123.1 26.59 180.5 34.01 137.9 151.9 .631 143.2 1.417 160.1 379.60 157.6 155.8 149.3
2002: First quarter 3.09 127.5 27.38 185.9 34.12 138.4 154.0 .654 148.4 1.482 167.4 394.11 163.6 162.0 153.5
Second quarter 3.01 124.1 25.37 172.2 34.37 139.4 150.2 .607 137.8 1.539 173.4 387.86 161.1 160.5 150.8
Third quarter 2.90 119.5 26.79 181.8 36.15 142.6 155.5 .606 137.6 1.280 144.6 367.86 152.7 148.0 146.8
Fourth quarter 3.27 135.0 24.78 168.2 34.22 138.9 148.5 .610 138.5 1.210 136.7 376.77 156.4 148.2 146.3
2003: First quarter 3.33 137.3 24.16 163.9 33.22 134.8 144.4 .727 164.9 1.195 135.0 396.54 164.6 156.9 148.8
Second quarter 3.81 157.2 25.27 171.5 32.85 133.3 145.8 .735 166.7 1.216 137.4 413.24 171.6 161.7 154.5
Third quarter 3.18 130.9 24.09 163.5 32.60 132.3 142.5 .733 166.3 1.230 138.9 398.13 165.5 158.7 147.9
Fourth quarter                              

1 Base for composite index, 1987, involves 210,078,000 cubic yards of roadway excavation, 30,893,690 square yards of portland cement concrete surfacing with an average thickness of 9 inches, 37,760,443 tons of bituminous concrete surfacing, 577,753,544 pounds of reinforcing steel for structures, 444,924,141 pounds of structural steel and 3,498,333 cubic yards of structural concrete.

Price Trends for Federal-Aid Highway Construction

1987 Base1

Year: 2003

State Common excavation Surfacing Structures Composite index
Average contract price (cu. yd.) Index Portland cement concrete2 Bituminous concrete Surfacing index Reinforcing steel Structural steel Structural concrete Structures index
Average contract price (sq. yd.) Index Average contract price (ton) Index Average contract price (lb.) Index Average contract price (lb.) Index Average contract price (cu. yd.) Index
Connecticut 8.41 124.32 0.00 0.00 47.71 102.35 102.35 0.691 123.80 1.104 94.65 372.70 102.63 102.78 105.61
Maine 7.40 143.88 0.00 0.00 41.18 145.85 145.85 1.562 295.27 0.523 70.34 489.76 220.86 185.76 154.70
Massachusetts 5.18 60.59 35.23 0.00 36.80 103.84 103.84 1.139 43.41 2.193 164.10 437.98 164.21 126.29 96.38
New Hampshire 4.50 151.83 26.37 0.00 38.80 128.80 128.80 0.625 123.54 0.870 126.35 287.02 206.49 161.25 146.80
New Jersey 18.92 173.53 0.00 0.00 0.00 0.00 0.00 1.109 122.02 1.146 95.93 538.13 159.05 129.28 148.97
New York 9.14 151.79 52.91 182.19 34.67 101.93 104.77 1.073 151.69 1.443 144.95 383.00 99.91 123.69 122.29
Rhode Island 8.65 273.92 160.00 551.72 52.25 162.20 163.67 0.668 114.52 20.008 2461.04 506.71 118.27 497.13 328.67
Vermont 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000 0.00 0.000 0.00 0.00 0.00 0.00 0.00
Puerto Rico 2.29 74.63 0.00 0.00 68.76 174.97 174.97 1.250 305.11 0.000 0.00 203.20 118.14 178.97 151.20
Delaware 10.19 332.61 59.00 2391.47 40.77 134.00 279.43 0.810 140.76 0.000 0.00 534.32 213.16 195.20 258.97
Dist. of Columbia   0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000 0.00 0.000 0.00 0.00 0.00 0.00 0.00
Maryland 2.00 36.32 217.17 458.46 46.79 176.60 271.18 1.280 269.14 1.883 188.33 516.10 127.71 159.42 174.66
Pennsylvania 6.16 166.88 17.01 82.80 33.46 100.03 92.07 0.745 125.69 1.017 88.41 369.07 100.44 101.09 114.49
Virginia 5.54 179.45 0.00 0.00 48.13 155.59 155.59 0.590 111.43 0.499 61.95 0.00 0.00 71.42 99.78
West Virginia 3.01 47.64 0.00 0.00 40.38 154.79 154.79 0.736 128.31 1.097 88.71 510.51 118.98 105.73 101.15
Alabama 4.01 285.21 0.00 0.00 35.58 153.87 153.87 0.416 109.03 1.163 119.99 322.02 116.84 116.67 144.32
Florida 3.96 87.96 78.75 302.37 13.49 42.84 57.81 0.836 168.09 2.924 274.16 379.40 137.43 174.15 126.99
Georgia 6.98 378.19 40.99 240.21 42.05 149.49 162.91 0.623 161.06 1.278 164.54 776.58 287.62 244.59 218.03
Kentucky 2.29 86.80 42.62 238.25 39.70 153.97 193.49 0.568 112.15 0.880 95.84 331.97 122.03 115.64 144.72
Mississippi 6.50 573.75 45.17 193.82 45.40 176.25 179.36 0.441 126.74 1.792 255.86 364.96 161.69 169.84 256.39
North Carolina 2.43 135.83 29.01 184.36 40.14 151.57 157.64 0.526 124.61 0.983 120.15 372.83 154.21 137.87 146.22
South Carolina 4.48 120.25 0.00 0.00 49.26 183.62 183.62 0.636 165.64 0.000 0.00 322.16 150.37 154.66 154.92
Tennessee 5.81 332.40 0.00 0.00 33.33 156.70 156.70 0.471 115.40 0.267 34.86 257.14 131.75 95.49 169.63
Illinois 7.02 176.54 37.30 222.23 46.22 157.38 171.97 0.720 129.79 1.068 127.08 521.20 151.66 140.96 159.29
Indiana 6.23 277.19 25.80 192.12 35.16 149.81 171.14 0.567 103.59 1.321 184.98 484.02 158.47 155.40 170.76
Michigan 6.44 212.13 17.27 128.72 37.98 202.33 163.96 0.805 171.76 1.137 88.37 424.69 413.27 282.85 208.71
Minnesota 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000 0.00 0.000 0.00 0.00 0.00 0.00 0.00
Ohio 3.31 51.28 24.29 127.10 30.32 130.54 129.40 0.600 120.30 0.866 99.11 491.87 155.42 129.76 114.65
Wisconsin 2.04 107.92 16.87 167.34 31.36 188.55 180.17 0.534 122.93 0.684 61.53 313.36 137.78 118.52 156.52
Arkansas 4.82 196.47 23.56 91.52 39.40 152.20 145.18 0.559 128.17 0.892 131.20 307.16 130.44 130.35 144.61
Louisiana 4.43 173.88 42.53 264.36 46.57 187.38 224.99 0.408 120.12 0.000 0.00 325.76 150.17 142.56 186.80
New Mexico 10.04 317.51 0.00 0.00 37.22 159.00 159.00 0.616 118.32 1.000 63.49 330.97 96.73 94.52 174.28
Oklahoma 2.54 125.63 17.57 134.63 31.61 128.35 130.65 0.578 139.46 2.480 340.85 252.42 118.17 183.91 152.81
Texas 3.44 122.23 17.14 124.50 41.13 136.09 129.20 0.000 0.00 0.600 87.81 632.04 289.46 226.20 153.68
Iowa 1.69 100.90 24.44 161.96 27.01 117.77 146.54 0.526 150.21 1.050 141.12 312.91 177.39 168.14 142.92
Kansas 2.21 72.90 19.17 117.86 28.79 124.18 119.17 0.606 127.03 0.971 11.92 440.94 219.37 105.88 106.91
Missouri 2.82 189.06 24.18 195.54 24.94 96.98 127.92 0.699 118.78 0.978 108.14 342.48 98.02 104.54 131.45
Nebraska 2.24 170.12 15.34 134.89 26.77 138.63 136.89 0.565 115.63 0.669 104.64 317.75 152.62 138.72 140.93
Colorado 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000 0.00 0.000 0.00 0.00 0.00 0.00 0.00
Montana 2.78 160.24 71.46 570.95 27.09 162.00 219.51 0.651 131.42 7.880 1268.46 477.47 163.85 282.56 210.89
North Dakota 2.39 289.05 31.49 276.02 29.26 157.43 209.69 0.761 162.94 0.956 105.14 752.40 354.53 285.37 224.95
South Dakota 1.23 139.84 22.19 168.71 30.14 169.09 168.93 0.687 147.83 0.000 0.00 421.05 187.59 174.84 164.36
Utah 3.97 243.84 0.00 0.00 29.67 135.57 135.57 0.646 154.57 0.940 136.88 293.26 141.37 140.90 164.95
Wyoming 2.86 201.23 45.01 347.42 31.37 182.19 242.31 0.597 117.01 0.825 124.75 434.14 137.47 130.73 222.06
Arizona 2.79 87.04 16.46 96.87 33.58 170.56 150.40 0.465 118.04 0.450 31.50 312.13 157.49 106.27 116.04
California 9.47 294.65 52.62 248.31 44.85 173.40 188.18 0.551 130.82 2.289 149.62 383.67 143.23 140.30 178.17
Hawaii 25.77 402.42 68.22 124.80 76.99 134.73 133.80 0.643 63.12 4.484 140.14 1054.57 55.45 56.26 111.33
Nevada 3.99 130.09 23.27 200.74 29.87 121.24 159.73 0.653 146.53 1.156 154.48 352.05 169.66 162.09 158.48
Alaska 5.15 218.22 75.00 0.00 50.50 175.02 175.02 0.873 52.39 2.711 192.01 794.97 913.76 727.31 207.43
Idaho 2.98 180.34 25.08 113.88 33.60 161.57 133.47 0.506 128.89 1.096 124.29 366.15 142.24 138.42 142.05
Oregon 5.14 141.54 38.34 641.37 34.79 142.31 248.40 0.588 113.69 8.873 586.08 818.07 279.33 289.15 249.80
Washington 5.75 149.90 0.00 0.00 37.94 150.18 150.18 0.555 139.35 1.549 112.28 350.78 181.16 165.83 160.65
United States 3.45 142.25 23.95 162.57 32.54 132.02 142.06 0.718 162.91 1.219 137.76 406.02 168.59 159.47 149.75

1 Indices are based on information submitted for Federal-aid construction contracts over $500,000. In some instances, individual State indices may not be truly representative of long-term price trends because of comparatively low volumes of work for the period reported, or because of unusual projects awarded during the period. Also, differences in bid item specifications among the States might account for some of the differences in unit prices in the various States.

The base for each State index is its own particular "market basket" of quantities and costs during the base period. The composite index for each State measures the change in that State's index since base year 1987. (In 1987 each State's index equalled 100.)

U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue SE Washington, D.C. 20590
Official Business Penalty for Private Use $300


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