CPD 18-5 Steel Price Increases posted
construction.publications at dot.ca.gov
Fri Jun 1 13:43:27 PDT 2018
We have posted CPD 18-5, "Steel Price Increases" on our website:
This directive addresses recent steel price increase concerns voiced by some contractors on Caltrans fixed-price contracts. It reminds staff that price volatility risk on fixed-price contracts is borne by the contractor unless the contract itself includes specific payment adjustment provisions (for example, asphalt pay adjustments for price index fluctuations). It also addresses change order work involving steel related items.
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