Rise and Fall Index

Labour, Construction & Average Bitumen Price

Details of recently published Rise and Fall indices from ABS are as follows:

Index 6427 Tables 17, Ref No. 3101 - Victoria to September 2024

The indexes are the "as first published" indices by the Australian Bureau of Statistics referred to in Section 199 - Provision for Adjustment of Contract Sum of the Standard Specification for Road and Bridgeworks, and also in Section 4020 - Provision for Adjustment of Contract Sum of the AS4300 General Conditions based contracts.

The indexes can be used for calculation of Rise and Fall payments for those contracts which include Section 199 or Section 4020.

Please be aware that the indices are "as first published" and note that ABS may adjust the indices in subsequent publications. Section 199 and Section 4020 both specify that the "as first published index" and not any "re-calculated index" shall be used to calculate rise and fall payments.

For information on discontinued indexes and historic data please contact Anjila Gregory ([email protected]) / Nicole Dan ([email protected]).

Attached below is an Excel File of the Rise & Fall Indices.

Rise and Fall & Construction Indices.xls

1586.67

3. AVERAGE BITUMEN PRICE

Following is the average published list selling price (per tonne) for Class 170 bitumen from the main suppliers at the start of each nominated month:

Date	Value
Jan-09	$867.50
Feb-09	$850.83
Mar-09	$817.50
Apr-09	$817.50
May-09	$827.50
Jun-09	$847.50
Jul-09	$847.50
Aug-09	$847.50
Sep-09	$847.50
Oct-09	$847.50
Nov-09	$847.50
Dec-09	$847.50
Jan-10	$847.50
Feb-10	$847.50
Mar-10	$847.50
Apr-10	$860.83
May-10	$860.83
Jun-10	$847.50
Jul-10	$880.83
Aug-10	$880.83
Sep-10	$900.83
Oct-10	$900.83
Nov-10	$917.50
Dec-10	$917.50
Jan-11	$917.50
Feb-11	$917.50
Mar-11	$937.50
Apr-11	$952.50
May-11	$959.17
Jun-11	$989.17
Jul-11	$989.17
Aug-11	$989.17
Sep-11	$984.17
Oct-11	$984.17
Nov-11	$997.50
Dec-11	$1014.17
Jan-12	$1014.17
Feb-12	$1024.17
Mar-12	$1024.17
Apr-12	$1037.50
May-12	$1044.17
Jun-12	$1057.50
Jul-12	$1050.83
Aug-12	$1024.17
Sep-12	$1024.17
Oct-12	$1037.50
Nov-12	$1037.50
Dec-12	$1040.83
Jan-13	$1040.83
Feb-13	$1040.83
Mar-13	$1049.17
Apr-13	$1075.83
May-13	$1075.83
Jun-13	$1075.83
Jul-13	$1075.83
Aug-13	$1085.83
Sep-13	$1085.83
Oct-13	$1105.00
Nov-13	$1105.00
Dec-13	$1105.00

Following is the average published list selling price for Class 170 bitumen of main Victorian bitumen suppliers at the start of each nominated month. These figures are applicable to contracts incorporating a Section 199 / 4020 dated August 2012 or later.

Date	Value
Jul-12	$1045.83
Aug-12	$1025.83
Sep-12	$1025.83
Oct-12	$1028.50
Nov-12	$1028.50
Dec-12	$1033.50
Jan-13	$1033.50
Feb-13	$1043.50
Mar-13	$1051.83
Apr-13	$1068.50
May-13	$1068.50
Jun-13	$1068.50
Jul-13	$1068.50
Aug-13	$1095.17
Sep-13	$1115.00
Oct-13	$1121.67
Nov-13	$1115.00
Dec-13	$1107.50

The figures in the following table are applicable irrespective of which of the above tables have been used for the base data.

Date	Value
Jan-14	$1115.00
Feb-14	$1123.33
Mar-14	$1131.67
Apr-14	$1121.67
May-14	$1115.00
Jun-14	$1108.33
Jul-14	$1101.67
Aug-14	$1111.67
Sep-14	$1098.33
Oct-14	$1098.33
Nov-14	$1108.33
Dec-14	$1108.33
Jan-15	$1108.33
Feb-15	$1071.67
Mar-15	$1031.67
Apr-15	$971.67
May-15	$951.67
Jun-15	$951.67
Jul-15	$965.00
Aug-15	$975.00
Sep-15	$985.00
Oct-15	$958.33
Nov-15	$958.33
Dec-15	$971.67
Jan-16	$971.67
Feb-16	$935.00
Mar-16	$898.33
Apr-16	$861.67
May-16	$861.67
Jun-16	$841.67
Jul-16	$835.00
Aug-16	$841.67
Sep-16	$841.67
Oct-16	$841.67
Nov-16	$853.33
Dec-16	$873.33
Jan-17	$880.00
Feb-17	$926.67
Mar-17	$971.67
Apr-17	$971.67
May-17	$971.67
Jun-17	$955.00
Jul-17	$955.00
Aug-17	$955.00
Sep-17	$955.00
Oct-17	$961.67
Nov-17	$961.67
Dec-17	$991.67
Jan-18	$1010.00
Feb-18	$1010.00
Mar-18	$1010.00
Apr-18	$1003.33
May-18	$1003.33
Jun-18	$1033.33
Jul-18	$1095.00
Aug-18	$1145.00
Sep-18	$1145.00
Oct-18	$1158.33
Nov-18	$1198.33
Dec-18	$1238.33
Jan-19	$1198.33
Feb-19	$1125.00
Mar-19	$1086.67
Apr-19	$1143.33
May-19	$1196.67
Jun-19	$1210.00
Jul-19	$1215.00
Aug-19	$1186.67
Sep-19	$1201.67
Oct-19	$1218.33
Nov-19	$1230.00
Dec-19	$1230.00
Jan-20	$1193.33
Feb-20	$1160.00
Mar-20	$1170.00
Apr-20	$1128.33
May-20	$1005.00
Jun-20	$975.00
Jul-20	$1041.67
Aug-20	$1135.00
Sep-20	$1145.00
Oct-20	$1130.00
Nov-20	$1110.00
Dec-20	$1090.00
Jan-21	$1105.00
Feb-21	$1121.67
Mar-21	$1,133.33
Apr-21	$1208.33
May -21	$1253.33
June-21	$1215.00
July-21	$1201.67
Aug - 21	$1246.67
Sep - 21	$1256.67
Oct - 21	$1238.33
Nov -21	$1283.33
Dec-21	$1326.67
Jan-22	$1323.33
Feb-22	$1296.67
Mar-22	$1371.67
Apr-22	$1425.00
May-22	$1471.67
Jun-22	$1510.00
Jul-22	$1575.00
Aug-22	$1641.77
Sep-22	$1631.67
Oct-22	$1633.33
Nov-22	$1671.67
Dec-22	$1701.67
Jan-23	$1665.00
Feb-23	$1588.33
Mar-23	$1543.33
Apr-23	$1555.00
May-23	$1548.33
Jun-23	$1551.67
Jul-23	$1561.67
Aug-23	$1526.67
Sep-23	$1500.00
Oct-23	$1566.67
Nov-23	$1633.33
Dec-23	$1646.67
Jan-24	$1585.00
Feb-24	$1528.33
Mar-24	$1521.67
Apr-24	$1516.67
May-24	$1501.67
Jun-24	$1508.33
July-24	$1508.33
Aug-24	$1510.00
Sept-24	$1546.67
Oct-24	$1565.00
Nov-24	$1586.00
Dec-24	$1606.67
Jan-25	$1586.67
Feb-25