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Price Trends for Federal-Aid Highway Construction


1987 Base Fourth Quarter 2005


Three-Quarter Moving Index Price Trend

1987 Base

Three-Quarter Moving Index Price Trend for Fourth Quarter 2005. Graph of Composite Index versus Year from 2000 - 2005. 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.

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. Despite this requirement, FHWA may not receive all data required to be submitted in any year and, in some cases, no data is received from a state for an entire year. In addition, when data are not received in time to be included in the composite price trend for the quarter or year, FHWA routinely includes these data in the subsequent period's reporting. Finally, FHWA performs limited review of data for accuracy and does not verify data entry by its staff. FHWA has not assessed the degree to which these conditions affect reported price trends, although it believes that underreporting is the most material limitation in the quality of the reported data.

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-06-001
For Official Distribution

Price Trends for Federal-Aid Highway Construction

1987 Base
YearCommon excavationSurfacingStructuresComposite index
Average contract price (cu. yd.)IndexPortland cement concrete 2Bituminous concreteSurfacing indexReinforcing steelStructural steelStructural concreteStructures index
Average contract price (sq. yd.)IndexAverage contract price (ton)IndexAverage contract price (lb.)IndexAverage contract price (lb.)IndexAverage contract price (cu. yd.)Index
1972.7229.76.4243.69.2337.539.5.18141.1.34238.6100.1741.640.738.6
1973.8033.07.0047.510.0240.742.9.20747.0.37242.0111.8146.445.442.5
19741.0041.28.8860.314.7459.860.0.33976.9.55162.3136.8056.861.757.9
19751.0342.58.8860.315.1361.461.0.29767.4.55462.6138.7657.660.658.1
19761.0342.58.9260.614.8360.260.3.25858.5.48454.7139.5958.057.256.3
19771.1647.89.9567.515.4762.864.3.27261.7.52058.8143.5159.659.759.8
19781.5463.511.9080.817.1669.673.3.31671.7.60368.1172.4171.670.770.7
19791.6266.814.0295.221.2186.189.0.42195.5.75985.8211.3387.888.685.5
19801.8375.514.92101.325.29102.6102.2.483109.6.941106.3226.6894.1100.097.2
19811.7672.614.1796.225.63104.0101.4.43899.4.79089.3231.6496.294.994.2
19821.5965.613.0388.524.3398.795.3.40792.4.76286.1219.6391.290.088.5
19831.7471.812.6986.124.2798.594.4.39890.3.70880.0213.8588.886.787.6
19841.9078.413.6492.626.52107.6102.7.40992.8.70980.1218.0290.588.292.6
19852.2492.414.3197.128.52115.7109.6.444100.7.79689.9243.60101.298.1102.0
19862.2894.015.63106.126.48107.4107.0.442100.3.85096.0236.3798.298.0101.1
19872.42100.014.80100.024.65100.0100.0.441100.0.885100.0240.81100.0100.0100.0
19882.72112.214.3397.324.91101.199.8.494112.1.924104.4274.12113.8111.0106.6
19892.4099.015.17103.024.0897.799.4.556126.21.018115.0283.40117.7118.4107.7
19902.3898.115.91108.024.5299.5102.3.529120.01.010114.1286.18118.8117.8108.5
19912.3295.516.58112.525.52103.6106.5.505114.61.030116.4264.98110.0112.5107.5
19922.2090.817.80120.824.66100.1106.9.520117.9.916103.5259.61107.8108.4105.1
19932.50103.218.81127.726.26106.6113.5.467106.0.86197.3261.89108.7105.3108.3
19942.75113.220.88141.727.80112.8122.3.515116.8.84795.7271.94112.9109.0115.1
19952.73112.822.07149.828.87117.1127.9.542122.9.922104.2302.66125.7119.5121.9
19962.92120.619.64133.327.50111.6118.7.581121.51.068120.7293.85122.0121.6120.2
19972.85117.623.75161.223.39119.2133.0.567128.71.186134.0320.90133.2132.7130.6
19983.01124.323.65160.525.00101.4120.8.544123.41.111125.5337.25140.0133.4126.9
19992.93120.923.49159.532.28130.9140.3.554125.71.224138.3342.24142.1138.3136.5
20003.01124.125.30171.735.15142.6152.2.549124.61.351152.6363.66151.0146.9145.6
20013.05125.928.21191.534.93141.7158.1.601136.41.201135.8339.44140.9138.8144.8
2002:First quarter3.05125.724.26164.731.00125.8138.5.618140.21.628183.9395.18164.1165.2148.4
Second quarter2.94121.332.31219.335.52144.1168.8.631143.21.427161.2393.88163.6159.5157.5
Third quarter3.05125.623.66160.636.16146.7151.3.583132.31.433161.9377.90156.9154.0148.6
Fourth quarter2.67109.928.31192.233.33135.2153.9.620140.8.972109.8336.13139.6131.9137.6
Annual2.94121.225.86175.534.14138.5150.7.610138.41.436162.2374.96155.7154.5147.9
2003:First quarter5.15212.223.55159.832.35131.3140.60.647146.71.177133.0441.81183.5163.8161.6
Second quarter3.23133.124.33165.133.86137.4146.5.833188.91.272143.7425.42176.6170.0154.8
Third quarter4.09168.629.07197.331.92129.5151.8.631143.11.102124.6374.83155.6145.3151.4
Fourth quarter2.67110.021.14143.531.57128.1133.1.667151.31.241140.2383.96159.4152.9138.4
Annual3.45142.323.95162.632.54132.0142.1.718162.91.219137.8406.02158.5159.5149.8
2004:First quarter2.97122.425.78174.933.61136.4149.0.677153.51.140128.8370.83153.9147.2144.3
Second quarter3.32136.930.60207.735.54144.2165.0.786178.32.455277.4402.69167.2198.2175.4
Third quarter3.33137.523.39158.838.14154.7156.1.828187.91.135128.2253.35105.2125.4139.8
Fourth quarter3.58147.629.69201.640.60164.7176.8.941213.41.419160.4365.14151.6164.5166.9
Annual3.29135.726.97183.136.97149.9160.8.815184.81.521171.9331.49137.6154.7154.4
2005:First quarter3.59147.931.49213.839.77161.3178.61.057239.81.492168.6222.7292.5137.8155.9
Second quarter4.26175.842.67289.643.40176.1213.41.000226.81.645185.9549.70228.3216.8209.2
Third quarter4.99205.931.58214.454.09219.4217.8.862195.61.717193.9507.98210.9203.8209.9
Fourth quarter3.69152.334.25232.554.36220.5224.50.827187.61.485167.8512.35212.7196.6201.3
Annual3.99164.633.42226.845.56184.9198.60.941213.61.571177.5394.88163.9176.0183.6

Annual Price Trends

1987 Base

Annual Price Trends Graph of Composite Index versus Years from 1993 to 2005. Data from above table

Quarterly Price Trends

1987 Base

Annual Price Trends Graph of Composite Index versus Quarter from 2000 to 2005. Data from above table

Price Trends for Federal-aid Highway

Construction Rural and Urban

1987 Base1
YearCommon excavationPortland cement concrete surface 2Bituminous concrete surfaceSurfacing
Average contract price (cu. yd.)IndexAverage contract price (sq. yd.)IndexAverage contract price (ton)IndexIndex
RuralUrbanRuralUrbanRuralUrbanRuralUrbanRuralUrbanRuralUrbanRuralUrban
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13)(14)(15)
19722.651.0126.841.75.967.3940.550.28.6310.8435.044.036.846.0
1973.721.0729.744.16.428.0143.654.49.2511.7037.547.539.549.7
1974.871.3535.955.78.0810.5554.971.613.5317.4354.970.754.971.0
1975.911.5137.562.38.1610.3955.470.514.4717.0358.769.157.669.6
1976.931.4038.457.78.1810.3155.570.014.0416.8557.068.456.568.9
19771.091.4645.060.28.8311.5259.978.214.8417.7160.271.960.173.9
19781.421.8358.675.510.0613.7868.393.516.4718.7466.876.067.381.8
19791.452.1559.888.712.3316.5983.7112.620.1524.3781.898.982.4103.4
19801.672.2568.992.813.8916.5794.3112.524.2627.9798.4113.597.1113.2
19811.552.2763.993.613.0215.3288.4104.024.6326.6899.9108.296.1106.9
19821.481.7461.071.811.8614.2780.596.923.4626.4195.2107.290.4103.8
19831.592.1065.686.611.8314.5880.399.023.4626.7295.2108.490.3105.3
19841.662.5068.5103.112.5515.7785.2107.125.5828.84103.8117.097.7113.7
19851.853.2076.3132.013.2915.6790.2106.427.5130.89111.6125.3104.6119.1
19861.882.9577.5121.713.6317.8692.5121.224.6930.21100.2122.697.7122.1
19871.913.3778.8139.013.3717.0690.8115.823.3927.8194.9112.893.5113.8
19882.003.7282.5153.413.3915.6290.9106.023.5828.1495.7114.294.1111.5
19892.013.2082.9132.013.5616.6792.0113.222.1728.6689.9116.390.6115.3
19901.983.2781.6134.914.5017.4398.5118.323.2027.8494.1113.095.5114.7
19911.982.8981.6119.216.0217.08108.8115.924.5127.6399.4112.1102.5113.4
19921.882.9177.7120.215.9719.99108.4135.723.9726.3897.3107.0100.9116.4
19932.163.5789.2147.318.4119.50124.9132.325.8627.20104.9110.4111.5117.6
19942.203.5890.6147.819.4522.00132.0149.326.2630.89106.5125.3114.9133.2
19952.363.9497.3162.520.6323.52140.0159.626.9632.04109.4130.0119.4139.7
19962.673.68110.3151.919.4919.76132.3134.127.3127.84110.8112.9117.8119.9
19972.473.96102.1163.421.5027.14145.9184.227.7133.48112.4135.8123.4151.7
19982.634.51108.4186.123.1424.34157.1165.223.8628.0996.8113.9116.6130.8
19992.514.35103.7179.323.7923.05161.5156.531.4434.71127.6140.8138.7145.9
20002.674.52110.2186.224.5427.55166.6187.034.3337.82139.3153.4148.2164.5
20012.624.93107.9203.525.5932.60173.7221.333.5139.42135.9159.9148.3180.1
2002:First quarter2.714.84111.8199.621.7733.50147.8227.428.5439.10115.8158.6126.3181.2
Second quarter2.475.17101.8213.141.4330.23281.2205.234.0538.92138.1157.9185.1173.4
Third quarter2.654.02109.1165.819.6729.31133.5198.933.7336.75136.9149.1135.8165.5
Fourth quarter2.085.7285.6235.824.6040.54167.0275.231.1235.64126.3144.6139.7187.5
Annual2.494.80102.7197.922.4831.73152.6215.431.7837.43128.9151.9136.7172.7
2003:First quarter4.626.59190.7271.618.1331.41123.1213.233.6231.86136.4129.3132.0156.8
Second quarter2.636.93108.3285.720.5729.86139.6202.733.4141.62135.6168.8136.9179.9
Third quarter3.175.19130.9213.929.1327.58197.8187.232.4543.61131.7176.9153.4180.3
Fourth quarter2.382.7498.1113.221.1920.82143.9141.334.0541.78138.1169.5140.0160.2
Annual2.824.92116.3203.020.9727.18142.4184.533.4439.19135.7158.9137.9167.4
2004:First quarter2.465.02101.4206.823.7328.05161.1190.433.0834.66134.2140.6143.1156.9
Second quarter3.104.15127.8170.928.7932.40195.4219.932.8143.61133.1176.9153.6191.1
Third quarter2.676.26110.8258.217.5443.68119.1296.535.2743.51143.1176.5135.2215.9
Fourth quarter3.134.88129.0201.426.7832.57181.8221.138.2447.27155.1191.8163.9201.4
Annual2.825.06116.5208.722.4633.85152.5229.834.7441.91140.9170.0144.7189.6
2005:First quarter3.344.79137.7197.429.3241.03199.0278.538.2943.09155.3174.8169.7208.9
Second quarter3.1610.51 130.2 433.4 34.10 44.40 231.5 301.4 40.22 48.79 163.2 197.9 185.6 231.9
Third quarter4.139.52170.2392.734.9928.62237.5194.353.3055.05216.2223.3223.2213.8
Fourth quarter2.856.92117.7285.225.8652.92175.6359.246.7067.79189.5275.0184.9302.7
Annual3.267.60134.3313.429.8338.83202.5263.642.3751.16171.9207.6181.9225.9

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 thick-ness 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

1987 Base1 - Continued
YearStructural reinforcing steelStructural steelStructural concreteStructuresComposite
Average contract price (lb.)IndexAverage contract price (lb.)IndexAverage contract price (cu. yd.)IndexIndexIndexRatio of urban prices
to rural prices
RuralUrbanRuralUrbanRuralUrbanRuralUrbanRuralUrbanRuralUrbanRuralUrbanRuralUrban
(1)(16)(17)(18)(19)(20)(21)(22)(23)(24)(25)(26)(27)(28)(29)(30)(31)(32)
19722.178.18240.441.3.333.34637.639.1100.6899.6641.841.440.540.836.943.01.17
1973.204.20846.347.2.391.35544.240.1111.48112.0746.346.545.745.040.846.81.15
1974.339.34076.977.1.508.57357.464.7138.76135.3557.656.260.962.054.764.81.18
1975.287.30765.165.1.523.58259.165.8135.00143.2756.159.558.462.154.965.21.19
1976.269.24861.056.3.478.48854.055.1141.20138.0858.657.357.856.654.461.81.14
1977.274.27062.261.3.523.51759.158.4145.33141.6860.358.860.359.157.965.41.13
1978.323.30973.370.1.586.61566.269.5173.49171.3072.071.170.770.567.575.91.12
1979.416.42594.496.4.768.75386.885.1219.07205.2591.085.290.487.182.594.01.14
1980.463.498105.1113.0.7771.01287.8114.3241.38217.76100.290.497.8100.693.1104.61.12
1981.440.43699.898.9.773.80087.390.4254.71216.49105.889.999.991.692.998.11.06
1982.414.40393.991.4.705.77879.787.9237.52210.0398.687.292.888.187.092.11.06
1983.391.40288.791.2.672.73175.982.6217.00211.8490.188.086.187.184.794.51.11
1984.408.40992.692.8.667.72475.481.8226.17213.6093.988.788.887.689.4100.61.13
1985.441.446100.1101.2.794.79789.790.1240.45245.3699.8101.997.298.697.1112.01.15
1986.448.440101.799.8.832.85694.096.7260.72228.50108.394.9103.496.297.1110.71.14
1987.456.436103.598.9.848.90095.8101.7258.21234.95107.297.6103.698.995.7111.01.16
1988.481.498109.1113.0.890.932100.6105.3262.23278.33108.9115.6106.7112.497.9118.21.21
1989.495.576112.3130.7.9941.026112.3115.9273.78286.88113.7119.1113.1120.399.4120.01.21
1990.580.510131.6115.7.9341.04105.6117.5297.22281.33123.4116.8120.1116.8104.3118.71.14
1991.492.510111.5115.7.9391.06106.1119.8276.49259.65114.8107.8111.9112.3103.5113.81.10
1992.482.530109.5120.9.879.9499.3106.0281.19250.79116.8104.1110.9107.5101.8113.11.11
1993.492.453111.6102.7.859.86397.197.5259.52263.29107.7109.3105.6105.0105.5116.51.10
1994.501.520113.7118.0.843.84995.395.9276.76269.93114.9112.1109.5108.8108.9124.61.14
1995.503.561114.1127.4.853.97396.3109.9272.76321.85113.2133.6108.9126.3111.5137.21.23
1996.564.519127.9117.71.0471.084118.3122.5301.57288.80125.2119.9123.9120.2119.4124.91.05
1997.568.566128.9128.51.0751.227121.5138.6307.58329.17127.7136.7126.3135.8121.5146.51.21
1998.559.533126.8121.01.0611.144119.9129.3354.92321.48147.4133.5136.6130.2124.2138.91.11
1999.525.572119.0129.91.2041.236136.0139.7325.11354.40134.9147.2132.5142.2130.7149.31.14
2000.471.630106.8143.01.1451.452129.4164.0365.55362.09151.8150.4138.2152.7138.1162.61.18
2001.566.633128.5143.71.1101.259125.4142.3326.80350.77135.7145.7131.8144.4134.9167.91.24
2002:First quarter.618.618140.2140.21.0091.919114.0216.9401.98391.65166.9162.6148.4173.1133.8180.41.34
Second quarter.623.641141.4145.41.6081.349181.7152.4379.63410.93157.6170.6161.2161.5162.1174.21.07
Third quarter610.546138.4123.91.4201.264160.5142.8425.74337.19176.8140.0165.9138.0145.0153.41.05
Fourth quarter.530.702120.3159.21.076.886121.5100.1349.52312.47145.1129.7134.7126.9129.3168.11.30
Annual.595.614134.9139.21.2051.498136.1169.3389.29357.51161.6148.5150.3152.4137.6167.61.21
2003:First quarter.560.693127.2157.21.0701.206120.9136.2418.85446.12173.9185.2151.9167.5149.6178.81.20
Second quarter.610.886138.3201.1.9671.317109.2148.8366.62456.83152.2189.7138.5180.9133.3196.31.47
Third quarter.697.583158.1132.2.9111.061102.9119.8397.49352.72165.1146.5147.5137.0147.4166.31.13
Fourth quarter.676.620153.4140.81.1401.167128.8131.8425.35346.84176.6144.0160.0140.2142.5144.41.01
Annual.637.747144.6169.41.0371.238117.1139.8401.80412.66166.8171.3149.9162.7139.9170.71.22
2004:First quarter.684.672155.3152.61.0771.146121.7129.5307.21406.12127.6168.6130.8155.5131.4163.81.25
Second quarter.698.865158.3196.41.5782.954178.2333.8393.51396.09163.4164.5166.5214.6155.4198.41.28
Third quarter.828.828187.9187.91.1021.145124.6129.4153.03443.2963.5184.1100.9170.3116.3202.21.74
Fourth quarter.903.967204.9219.31.3071.529147.7172.8324.48388.02134.7161.1150.1174.1152.6189.41.24
Annual.780.840177.0190.61.3071.583147.6178.8247.60408.67102.8169.7127.3175.7132.8186.31.40
2005:First quarter.8751.227198.5278.41.2621.558142.6176.0507.41157.10210.765.3190.6130.9174.1172.8.99
Second quarter.9671.022 219.5 231.8 1.2911.947 145.9220.0 537.27556.52223.1231.1202.1 228.3184.5260.61.41
Third quarter.843.876191.2198.81.3531.904152.9215.2477.52530.08198.3220.1185.1215.2198.4241.31.22
Fourth quarter.703.968159.5219.51.3191.674149.0189.2427.12592.84177.4246.2166.8226.6166.8266.51.59
Annual.8361.031189.7233.91.3001.733146.9195.8483.90354.24200.9147.1184.7174.8176.0216.61.23

Price Trends for Federal-Aid Highway Construction

Three-Quarter Moving Index

1987 Base1
YearCommon excavationSurfacingStructuresComp-
osite index
Average contract price (cu. yd.)IndexPortland cement concrete 2Bituminous concreteSurfacing indexReinforcing steelStructural steelStructural concreteStruc-
tures index
Average contract price (sq. yd.)IndexAverage contract price (ton)IndexAverage contract price (lb.)IndexAverage contract price (lb.)IndexAverage contract price (cu. yd.)Index
19862.3195.315.84107.525.70104.3105.3.44099.8.85596.6232.3496.597.1100.2
19872.59106.815.20103.225.44103.2103.2.451102.3.87799.1258.33107.3104.3104.2
19882.56105.614.81100.524.83100.7100.7.534121.2.989111.7283.00117.5116.6108.4
19892.68110.616.20110.024.73100.3103.5.557126.41.004113.4280.61116.5117.4110.7
19902.2492.316.24110.225.88105.0106.7.532120.71.076121.6292.29121.4123.4111.0
19912.3295.717.18116.724.5499.6105.2.475107.7.919103.9244.71101.6103.2102.9
19922.3094.818.07122.624.71100.2107.6.538122.0.908102.6249.85103.8106.5105.2
19932.55105.119.43131.927.28110.7117.6.483109.5.81291.7257.48106.9103.4109.5
19942.80115.628.77195.328.15114.2140.8.534121.2.913103.2297.77123.6117.8126.9
19952.83116.722.01149.428.88117.2127.8.522118.5.969109.5303.10126.1120.4122.9
19962.85117.521.28144.529.21118.5127.0.558126.51.118126.3306.70127.4126.9125.6
19972.82116.224.51166.423.5695.6118.8.586132.91.207136.3316.75131.5133.0124.7
19982.95121.723.55159.929.43119.4132.7.521118.11.180133.3346.25143.8136.6132.8
19992.78114.723.60160.233.04134.0142.6.573130.11.175132.7351.75146.1139.8137.2
2000:First quarter2.88118.625.49173.034.13138.5149.8.597135.51.280144.6372.31154.6148.7144.6
Second quarter3.01124.124.85168.734.78141.1150.2.533120.91.291145.9364.08151.2144.6143.8
Third quarter3.15128.925.50173.136.01146.1154.9.532120.81.411159.4364.46151.3148.3148.2
Fourth quarter3.22132.927.33185.535.44143.8157.5.516117.11.418160.2330.04137.0139.8145.9
2001:First quarter3.35138.326.18177.735.21142.9154.3.574130.31.329150.2331.12137.5139.6145.4
Second quarter2.96122.226.26178.234.63140.5152.9.557126.31.211136.9322.72134.0133.5139.7
Third quarter2.90119.527.51186.834.82141.3156.2.610138.51.123126.9356.92148.2140.9143.9
Fourth quarter2.99123.126.59180.534.01137.9151.9.631143.21.417160.1379.60157.6155.8149.3
2002:First quarter3.09127.527.38185.934.12138.4154.0.654148.41.482167.4394.11163.6162.0153.5
Second quarter3.01124.125.37172.234.37139.4150.2.607137.81.539173.4387.86161.1160.5150.8
Third quarter2.90119.526.79181.836.15142.6155.5.606137.61.280144.6367.86152.7148.0146.8
Fourth quarter3.27135.024.78168.234.22138.9148.5.610138.51.210136.7376.77156.4148.2146.3
2003:.First quarter3.33137.324.16163.933.22134.8144.4.727164.91.195135.0396.54164.6156.9148.8
Second quarter3.81157.225.27171.532.85133.3145.8.735166.71.216137.4413.24171.6161.7154.5
Third quarter3.18130.924.09163.532.60132.3142.5.733166.31.230138.9398.13165.5158.7147.9
Fourth quarter3.07126.724.42165.832.31131.1142.5.657149.21.159130.9377.42156.7148.6142.8
2004:.First quarter2.97122.725.60173.833.67136.6148.8.715162.11.618182.8387.54160.9166.9152.8
Second quarter3.21132.526.35178.936.06146.3157.0.774175.61.539173.9322.40133.9151.6150.9
Third quarter3.40140.127.22184.837.82153.4163.7.847192.11.635184.7324.00134.5157.6157.5
Fourth quarter3.49143.726.97183.139.31159.5167.2.919208.51.312148.2270.26112.2138.2150.9
2005:.First quarter3.82157.632.28219.141.20167.2184.2.988224.11.532173.1346.09143.7165.2171.8
Second quarter4.07167.733.13 224.9 43.93 178.2 193.5.986 223.71.591179.8364.34 151.3171.2179.8
Third quarter4.20173.234.30232.848.83198.1209.5.900204.21.614182.3526.71218.7206.6202.8
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 thick-ness 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 Base 1

StateCommon excavationSurfacingStructuresComp-
osite Index
Average contract price (cu. yd.)IndexPortland cement concrete2Bituminous concreteSurfacing IndexReinforcing steelStructural steelStructural concreteStructures index
Average contract price (sq. yd.)IndexAverage contract price (ton)IndexAverage contract price (lb.)IndexAverage contract price (lb.)IndexAverage contract price (cu. yd.)Index
CT13.59200.780.000.0056.27120.71120.710.905162.172.039174.75402.53110.84131.98137.39
ME19.53379.810.000.0044.96159.22159.220.567107.211.658223.18856.64386.31298.35225.04
MA15.38179.9924.810.0051.11144.24144.241.35451.602.965221.93690.56258.92177.31168.71
NH10.32348.560.000.0039.23130.23130.231.029203.330.0000.00357.18256.97240.17212.92
NJ19.18175.870.000.0070.55214.08214.081.668183.502.200184.20804.05237.65209.03196.90
NY18.48306.7129.46101.4645.86134.83133.656.125866.051.954196.26740.74193.23245.30222.42
RI0.000.000.000.000.000.000.000.0000.000.0000.000.000.000.000.00
VT0.000.000.000.000.000.000.000.0000.000.0000.000.000.000.000.00
PR0.000.000.000.000.000.000.000.0000.000.0000.000.000.000.000.00
DE8.37273.170.000.0042.70140.35140.350.0000.000.0000.00383.86153.14153.14158.66
DC30.00106.730.000.000.000.000.0020.0003850.475.000303.531200.00344.17634.34428.82
MD15.24276.623.276.9056.08211.66142.951.295272.421.771177.05742.67183.78189.43190.75
PA6.43174.1167.32327.6243.05128.67220.561.134191.121.578137.14515.73140.36146.85174.69
VA0.000.000.000.000.000.000.000.0000.000.0000.000.000.000.000.00
WV3.4454.500.000.0049.11188.26188.261.600279.061.564126.5069.6916.2492.69104.34
AL1.59113.240.000.0041.40179.04179.040.763199.781.484153.10409.86148.71157.80157.82
FL0.000.000.000.000.000.000.001.865375.191.753164.34749.31271.41266.27266.27
GA4.83261.8543.58255.3956.55201.02209.060.855220.941.985255.62622.44230.53232.90224.06
KY7.75293.9424.52137.0645.78177.54158.560.799157.852.415263.12455.75167.53181.83194.16
MS9.09801.910.000.0048.65188.85188.850.677194.481.361194.24434.96192.70193.24325.82
NC5.38300.83324.502061.8865.90248.84584.560.718170.061.193145.79448.26185.41169.30381.48
SC4.91131.7944.70273.4961.82230.41237.431.500390.700.0000.00790.00368.73374.91299.64
TN0.000.000.000.000.000.000.000.0000.000.0000.000.000.000.000.00
IL16.88424.840.000.0065.89224.33224.332.038367.322.679318.69480.28139.75230.16255.52
IN8.84393.270.000.0044.09187.84187.840.49991.131.071150.01317.22103.86113.77159.43
MI4.38144.2229.21217.7341.96223.55220.510.923197.021.649128.19529.30515.06352.15244.22
MN3.36151.450.000.0023.20131.66131.660.0000.000.0000.000.000.000.00140.88
OH3.2450.2039.49206.6332.15138.43161.010.775155.291.038118.85424.88134.25131.06128.44
WI10.00527.9023.76235.7371.29428.69352.420.550126.720.0000.000.000.00126.72374.60
AR2.74111.9436.87143.2151.43198.70192.280.806184.691.447212.95453.90192.76198.28184.54
LA1.9576.4343.63271.2142.68171.71220.331.031303.050.0000.00693.47319.67315.46241.18
NM5.55175.440.000.0028.71122.63122.630.846162.472.268144.01263.7877.10102.58127.97
OK4.18206.7425.78197.5240.86165.94177.490.688166.083.692507.29343.85160.98258.56213.60
TX6.49230.6020.00145.2934.89115.43133.180.0000.001.266185.32496.70227.48214.25163.56
IA1.79106.9525.56169.3626.94117.44151.240.744212.251.201161.27379.35215.06209.14155.27
KS2.5182.7850.65311.4551.33221.41292.740.805168.721.65820.35540.79269.05134.56185.80
MO2.78186.2732.17260.190.000.00260.191.124191.111.516167.66469.25134.30154.30187.37
NE3.96300.5932.84288.7033.06171.24225.900.785160.691.464228.95411.76197.77193.48228.98
CO13.97658.1234.11273.5349.10213.98225.120.952230.622.218250.67515.07248.96245.91310.92
MT4.19241.480.000.0028.84172.48172.480.813164.000.0142.25425.72146.10132.95185.93
ND2.24271.2228.12246.5031.41168.96203.140.964206.280.0000.00462.37217.87215.45210.86
SD1.32150.1425.29192.2340.20225.52211.500.942202.852.261271.83530.23236.24227.02202.23
UT7.29447.56183.501725.3638.18174.41793.201.176281.392.546370.76609.18293.65328.28593.24
WY2.41169.1257.50443.7935.60206.74292.990.945185.291.433216.76411.38130.27164.12252.46
AZ0.000.000.000.000.000.000.000.0000.000.0000.000.000.000.000.00
CA12.13377.3891.86433.4975.38291.43319.451.067253.566.491424.33734.97274.39270.28300.94
HI21.25331.9353.3597.59115.05201.33191.531.901186.520.0000.001457.0576.6186.74135.31
NV11.20364.670.000.0047.21191.63191.630.911204.471.814242.48377.67182.01197.89210.23
AK4.31182.860.000.0061.50213.14213.142.664159.823.778267.611324.121521.971203.74218.28
ID4.12248.930.000.0039.42189.56189.560.877223.271.324150.24470.18182.65192.92205.91
OR15.02413.1645.83766.7546.16188.81311.670.36971.450.0000.000.000.0071.45304.26
WA7.27189.620.000.0043.97174.05174.051.058265.700.0000.00458.60236.84245.37222.68
US3.99164.6333.42226.8445.56184.85198.640.941213.551.571177.50394.88163.96176.01183.56

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.)

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