Skip to ContentsU.S. Department of Transportation, Federal Highway Administration FHWA HomeFeedback
   Program Administration
  
FHWA > Infrastructure > Program Administration > Price Trends

Price Trends for Federal-Aid Highway Construction


1987 Base Fourth Quarter 2006


Three-Quarter Moving Index Price Trend

1987 Base

Three-Quarter Moving Index Price Trend for Fourth Quarter 2006. Graph of Composite Index versus Year from 2001 - 20056 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-07-003
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 .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 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 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 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: 3.45 142.3 23.95 162.6 32.54 132.0 142.1 .718 162.9 1.219 137.8 406.02 158.5 159.5 149.8
2004:First quarter 2.97 122.4 25.78 174.9 33.61 136.4 149.0 .677 153.5 1.140 128.8 370.83 153.9 147.2 144.3
Second quarter 3.32 136.9 30.60 207.7 35.54 144.2 165.0 .786 178.3 2.455 277.4 402.69 167.2 198.2 175.4
Third quarter 3.33 137.5 23.39 158.8 38.14 154.7 156.1 .828 187.9 1.135 128.2 253.35 105.2 125.4 139.8
Fourth quarter 3.58 147.6 29.69 201.6 40.60 164.7 176.8 .941 213.4 1.419 160.4 365.14 151.6 164.5 166.9
Annual 3.29 135.7 26.97 183.1 36.97 149.9 160.8 .815 184.8 1.521 171.9 331.49 137.6 154.7 154.4
2005:First quarter 3.59 147.9 31.49 213.8 39.77 161.3 178.6 1.057 239.8 1.492 168.6 222.72 92.5 137.8 155.9
Second quarter 4.26 175.8 42.67 289.6 43.40 176.1 213.4 1.000 226.8 1.645 185.9 549.70 228.3 216.8 209.2
Third quarter 4.99 205.9 31.58 214.4 54.09 219.4 217.8 .862 195.6 1.717 193.9 507.98 210.9 203.8 209.9
Fourth quarter 3.69 152.3 34.25 232.5 54.36 220.5 224.5 0.827 187.6 1.485 167.8 512.35 212.7 196.6 201.3
Annual 3.99 164.6 33.42 226.8 45.56 184.9 198.6 0.941 213.6 1.571 177.5 394.88 163.9 176.0 183.6
2006:First quarter 4.13 170.4 34.28 232.7 45.99 186.6 201.7 0.795 180.4 1.52 171.8 397.21 164.9 169.4 182.8
Second quarter 3.56 146.9 44.04 298.9 59.03 239.5 259.0 .874 198.2 1.701 192.1 728.51 302.5 255.5 240.6
Third quarter 5.31 218.9 29.60 200.9 57.20 232.1 221.8 .928 210.6 1.985 224.2 416.93 173.1 193.0 208.7
Fourth quarter 6.43 265.4 35.56 241.4 59.59 241.8 241.6 .961 218.0 1.710 193.3 628.72 261.1 235.8 242.6
Annual 4.51 186.1 37.94 257.5 55.25 224.2 235.1 .872 197.9 1.736 196.1 574.80 238.7 220.5 221.3

Annual Price Trends

1987 Base

Annual Price Trends Graph of Composite Index versus Years from 1993 to 2006. Data from above table

Quarterly Price Trends

1987 Base

Annual Price Trends Graph of Composite Index versus Quarter from 2000 to 2006. 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 .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 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 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 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 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
2004:First quarter 2.46 5.02 101.4 206.8 23.73 28.05 161.1 190.4 33.08 34.66 134.2 140.6 143.1 156.9
Second quarter 3.10 4.15 127.8 170.9 28.79 32.40 195.4 219.9 32.81 43.61 133.1 176.9 153.6 191.1
Third quarter 2.67 6.26 110.8 258.2 17.54 43.68 119.1 296.5 35.27 43.51 143.1 176.5 135.2 215.9
Fourth quarter 3.13 4.88 129.0 201.4 26.78 32.57 181.8 221.1 38.24 47.27 155.1 191.8 163.9 201.4
Annual 2.82 5.06 116.5 208.7 22.46 33.85 152.5 229.8 34.74 41.91 140.9 170.0 144.7 189.6
2005:First quarter 3.34 4.79 137.7 197.4 29.32 41.03 199.0 278.5 38.29 43.09 155.3 174.8 169.7 208.9
Second quarter 3.16 10.51 130.2 433.4 34.10 44.40 231.5 301.4 40.22 48.79 163.2 197.9 185.6 231.9
Third quarter 4.13 9.52 170.2 392.7 34.99 28.62 237.5 194.3 53.30 55.05 216.2 223.3 223.2 213.8
Fourth quarter 2.85 6.92 117.7 285.2 25.86 52.92 175.6 359.2 46.70 67.79 189.5 275.0 184.9 302.7
Annual 3.26 7.60 134.3 313.4 29.83 38.83 202.5 263.6 42.37 51.16 171.9 207.6 181.9 225.9
2006:First quarter 4.09 4.16 168.8 171.5 30.7 36.75 208.4 249.5 46.59 44.74 189.0 181.5 195.4 203.8
Second quarter 2.86 16.20 117.8 668.2 30.52 55.49 207.2 376.7 54.26 65.87 220.1 267.2 215.9 303.2
Third quarter 4.84 8.33 199.5 343.6 23.41 39.61 158.9 268.9 55.85 61.96 226.6 251.4 204.4 257.1
Fourth quarter 4.27 9.82 176.3 405.1 33.38 41.89 226.6 284.3 53.49 68.73 217.0 278.8 220.2 280.6
Annual 3.65 6.90 150.7 284.6 30.12 45.62 204.5 309.7 51.94 61.37 210.7 249.9 208.7 268.9

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 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

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 .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 .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 .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: .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: .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
2004:First quarter .684 .672 155.3 152.6 1.077 1.146 121.7 129.5 307.21 406.12 127.6 168.6 130.8 155.5 131.4 163.8 1.25
Second quarter .698 .865 158.3 196.4 1.578 2.954 178.2 333.8 393.51 396.09 163.4 164.5 166.5 214.6 155.4 198.4 1.28
Third quarter .828 .828 187.9 187.9 1.102 1.145 124.6 129.4 153.03 443.29 63.5 184.1 100.9 170.3 116.3 202.2 1.74
Fourth quarter .903 .967 204.9 219.3 1.307 1.529 147.7 172.8 324.48 388.02 134.7 161.1 150.1 174.1 152.6 189.4 1.24
Annual .780 .840 177.0 190.6 1.307 1.583 147.6 178.8 247.60 408.67 102.8 169.7 127.3 175.7 132.8 186.3 1.40
2005:First quarter .875 1.227 198.5 278.4 1.262 1.558 142.6 176.0 507.41 157.10 210.7 65.3 190.6 130.9 174.1 172.8 .99
Second quarter .967 1.022 219.5 231.8 1.291 1.947 145.9 220.0 537.27 556.52 223.1 231.1 202.1 228.3 184.5 260.6 1.41
Third quarter .843 .876 191.2 198.8 1.353 1.904 152.9 215.2 477.52 530.08 198.3 220.1 185.1 215.2 198.4 241.3 1.22
Fourth quarter .703 .968 159.5 219.5 1.319 1.674 149.0 189.2 427.12 592.84 177.4 246.2 166.8 226.6 166.8 266.5 1.59
Annual .836 1.031 189.7 233.9 1.300 1.733 146.9 195.8 483.90 354.24 200.9 147.1 184.7 174.8 176.0 216.6 1.23
2006:First quarter .867 .781 196.7 177.1 1.253 1.555 141.6 175.7 431.77 389.70 179.3 161.8 172.3 168.1 181.2 183.2 1.01
Second quarter .709 1.023 160.9 232.1 1.444 1.852 163.2 209.3 895.28 544.99 371.7 226.3 280.7 222.8 229.6 322.7 1.41
Third quarter .853 1.126 193.6 255.4 1.439 2.937 162.6 331.8 395.92 475.53 164.4 197.5 168.9 242.9 188.0 263.9 1.40
Fourth quarter .933 .973 211.7 220.8 1.897 1.526 214.4 172.4 433.14 803.54 179.9 333.6 194.4 271.8 202.2 295.4 1.46
Annual .807 .912 183.1 206.9 1.602 1.832 181.0 207.0 635.05 521.06 263.7 216.4 228.1 212.3 208.5 246.3 1.18

Price Trends for Federal-Aid Highway Construction

Three-Quarter Moving Index

1987 Base1
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
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 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 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 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: 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: 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: 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:. 3.07 126.7 24.42 165.8 32.31 131.1 142.5 .657 149.2 1.159 130.9 377.42 156.7 148.6 142.8
2004:.First quarter 2.97 122.7 25.60 173.8 33.67 136.6 148.8 .715 162.1 1.618 182.8 387.54 160.9 166.9 152.8
Second quarter 3.21 132.5 26.35 178.9 36.06 146.3 157.0 .774 175.6 1.539 173.9 322.40 133.9 151.6 150.9
Third quarter 3.40 140.1 27.22 184.8 37.82 153.4 163.7 .847 192.1 1.635 184.7 324.00 134.5 157.6 157.5
Fourth quarter 3.49 143.7 26.97 183.1 39.31 159.5 167.2 .919 208.5 1.312 148.2 270.26 112.2 138.2 150.9
2005:First quarter 3.82 157.6 32.28 219.1 41.20 167.2 184.2 .988 224.1 1.532 173.1 346.09 143.7 165.2 171.8
Second quarter 4.07 167.7 33.13 224.9 43.93 178.2 193.5 .986 223.7 1.591 179.8 364.34 151.3 171.2 179.8
Third quarter 4.20 173.2 34.30 232.8 48.83 198.1 209.5 .900 204.2 1.614 182.3 526.71 218.7 206.6 202.8
Fourth quarter 4.12 170.1 33.05 224.4 51.21 207.8 213.2 .819 185.7 1.567 176.9 474.7 197.1 189.9 196.4
2006:First quarter 3.76 154.9 37.13 252.1 53.20 215.9 227.7 .832 188.9 1.550 175.2 576.62 239.4 213.8 210.7
Second quarter 4.13 170.2 38.73 262.9 53.92 218.7 233.3 .852 193.4 1.748 197.5 564.65 234.5 217.7 216.9
Third quarter 4.64 191.5 37.12 251.9 58.32 236.6 241.7 .910 206.4 1.795 202.8 629.86 261.5 236.6 231.9
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 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 Base1

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
Connecticut 11.85 175.07 0.00 0.00 66.18 141.97 141.97 1.296 232.11 0.000 0.00 590.71 162.66 172.01 159.95
Maine 8.20 159.42 4700.00 0.00 22.34 79.11 79.11 1.197 226.25 1.355 182.38 1406.93 634.47 441.39 174.56
Massachusetts 18.11 211.89 96.47 0.00 65.62 185.17 185.17 1.404 53.53 1.950 145.95 710.41 266.36 145.56 180.66
New Hampshire 8.90 300.65 49.43 0.00 57.14 189.66 189.66 0.926 183.01 1.601 232.46 603.73 434.34 311.83 261.90
New Jersey 22.10 202.66 86.20 162.91 66.71 202.41 195.13 1.268 139.49 2.589 216.79 691.70 204.44 199.47 199.98
New York 9.67 160.55 110.37 380.07 52.90 155.54 163.49 1.091 154.31 1.749 175.72 681.40 177.75 175.09 169.78
Rhode Island 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
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 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
Delaware 13.06 426.47 0.00 0.00 71.51 235.04 235.04 0.000 0.00 0.000 0.00 1118.58 446.24 446.24 311.53
Dist of Columbia 25.04 89.07 1.40 3.21 98.97 121.98 86.97 1.057 203.50 1.564 94.91 718.46 206.06 152.48 106.94
Maryland 23.51 426.69 399.60 843.57 64.82 244.63 445.62 1.552 326.50 2.258 225.75 1051.61 260.23 255.08 362.30
Pennsylvania 19.97 540.79 65.40 318.27 61.45 183.66 245.83 1.388 233.96 10.000 869.33 716.62 195.03 367.22 374.47
Virginia 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
West Virginia 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
Alabama 2.80 199.53 0.00 0.00 54.54 235.85 235.85 0.742 194.39 1.363 140.66 373.32 135.45 145.99 173.19
Florida 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
Georgia 3.69 199.79 52.67 308.66 73.35 260.75 267.84 1.007 260.09 2.003 257.98 815.88 302.18 287.34 268.03
Kentucky 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
Mississippi 4.88 431.03 43.25 185.59 57.85 224.59 217.68 0.848 243.74 1.600 228.38 368.97 163.47 187.02 248.96
North Carolina 0.00 0.00 0.00 0.00 70.08 264.62 264.62 0.920 217.95 0.000 0.00 650.30 268.98 257.11 261.74
South Carolina 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
Tennessee 4.64 265.73 0.00 0.00 46.45 218.40 218.40 0.866 212.41 1.242 162.37 592.51 303.59 237.49 238.42
Illinois 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
Indiana 16.96 754.84 33.91 252.51 41.32 176.04 214.59 0.357 65.16 1.396 195.46 362.46 118.67 129.20 210.12
Michigan 7.88 259.73 40.53 302.15 49.62 264.34 284.05 0.804 171.63 1.587 123.41 105.63 102.79 124.43 232.02
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 6.19 95.98 46.72 244.45 39.40 169.67 194.42 0.927 185.77 1.672 191.41 398.68 125.97 158.16 161.79
Wisconsin 3.64 192.03 22.42 222.46 43.91 264.05 247.61 0.788 181.52 1.709 153.65 360.07 158.32 162.05 221.86
Arkansas 6.07 247.65 498.85 1937.60 68.71 265.44 458.88 0.888 203.50 1.523 224.08 481.69 204.56 210.93 306.34
Louisiana 3.00 117.73 77.63 482.48 63.36 254.92 366.12 0.658 193.63 0.000 0.00 998.51 460.29 392.77 348.14
New Mexico 13.66 432.07 0.00 0.00 46.85 200.15 200.15 1.284 246.52 4.000 253.98 420.01 122.75 165.60 233.05
Oklahoma 4.87 240.58 31.63 242.31 51.63 209.65 221.60 0.778 187.77 2.379 326.97 396.41 185.58 225.44 224.44
Texas 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
Iowa 3.93 235.06 26.85 177.87 35.05 152.80 169.12 0.729 208.11 0.000 0.00 323.98 183.67 189.31 184.76
Kansas 2.12 69.99 27.00 166.03 52.89 228.13 178.94 0.833 174.62 1.247 15.31 378.74 188.43 103.28 126.81
Missouri 3.03 203.45 36.64 296.35 58.12 226.01 248.09 1.021 173.57 1.489 164.58 419.67 120.11 143.90 205.50
Nebraska 3.93 298.28 24.19 212.61 53.49 277.01 247.04 0.854 174.99 1.157 181.06 451.54 216.88 203.39 245.63
Colorado 9.77 460.37 37.38 299.83 57.80 251.87 260.84 0.889 215.31 3.493 394.80 394.96 190.91 247.60 291.44
Montana 4.55 262.05 49.32 394.08 40.97 245.02 265.98 1.136 229.24 2.041 328.47 495.15 169.92 197.78 261.09
North Dakota 2.01 242.98 27.89 244.46 40.98 220.46 231.04 0.873 186.93 2.004 220.40 379.52 178.83 186.07 227.65
South Dakota 1.28 146.18 30.22 229.70 51.75 290.28 264.78 0.000 0.00 0.000 0.00 0.00 0.00 0.00 241.62
Utah 9.58 588.16 50.07 470.80 50.49 230.69 326.49 2.769 662.40 1.462 212.85 477.81 230.33 275.92 365.02
Wyoming 3.99 280.03 43.80 338.10 50.53 293.47 309.71 1.095 214.61 1.775 268.43 564.16 178.64 210.77 293.27
Arizona 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
California 18.56 577.77 59.06 278.67 84.31 325.97 316.64 0.994 236.15 0.000 0.00 634.50 236.88 236.70 313.54
Hawaii 6.21 96.91 0.00 0.00 138.77 242.83 242.83 0.000 0.00 1.916 59.88 0.00 0.00 59.88 183.79
Nevada 8.16 265.78 36.26 312.82 50.92 206.69 258.08 1.828 410.09 5.000 668.21 1067.39 514.41 521.74 325.94
Alaska 3.26 138.28 0.00 0.00 54.14 187.62 187.62 1.698 101.91 0.000 0.00 1275.87 1466.51 1392.35 182.65
Idaho 7.30 441.47 188.44 855.55 55.68 267.75 614.19 0.952 242.47 3.512 398.36 579.17 224.99 232.33 507.34
Oregon 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
Washington 9.05 235.97 0.00 0.00 61.73 244.37 244.37 1.302 326.85 96.112 6967.06 544.36 281.13 645.76 512.92
United States 4.51 186.08 37.94 257.53 55.25 224.17 235.12 0.872 197.93 1.736 196.12 574.80 238.67 220.47 221.30

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
400 Seventh St. S.W. Washington, D.C. 20590
First-Class Mail Postage & Fees Paid Federal Highway Administration
Permit No. G-191


FHWA | Infrastructure | Program Administration | Feedback
FHWA