Illinois BidBuy #27-494DOT-FINAD-B-53470

Economic Price Adjustment for Bitumens Contract (Christ Bros) – Illinois DOT

This notice announces a change order for the FY25 Bit Mix Contract managed by the Illinois Department of Transportation (DOT), Finance & Administration division. - Award is for an economic price adjustment, not a new procurement opportunity - Buyer: Illinois Department of Transportation (DOT), Finance & Administration - OEM/Vendor: Christ Bros - Products covered: - Bitumens, bulk, oil, and tar - Part number: WPU13940113 - Quantity: 1 (economic adjustment applied to contract line items) - Price adjustment governed by US Bureau of Labor Statistics Producer Price Index (PPI) item WPU13940113 - Notable requirement: Use of PPI for contract price changes per Section 2.1.4 of the contract - No new scope, no new bid opportunity, and no attachments provided

Description

This notice is a change order to increase the price of line items due to an economic adjustment clause in Section 2.1.4 of the contract. The adjustment is governed by the US Bureau of Labor Statistics Producer Price Index (PPI) item number WPU13940113. This is not a new bid opportunity but an amendment to the existing contract. The procurement is managed through the Illinois BidBuy portal.

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