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 June 2021

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.xlsRise and Fall & Construction Indices.xls


" As first published" by Australian Bureau of Statistics (ABS)

ABS Index 6345.0 "Labour Price Index"
(Table 10 - Ord Time Hrly Rates of Pay excl bonus, Victoria)

NOTE: The Labour Index is no longer specified under Section 199/4020.





" As first published" by Australian Bureau of Statistics (ABS)

ABS Catalogue No. 6427.0, Producer Price Indexes,
Table 17, 3101 Road and Bridge Construction Victoria
Selected output of Division E construction, group and class index numbers

Date
Index
Format
Jun-09
154.1
Published
Jul-09
154.5
Interpolated
Aug-09
154.9
Interpolated
Sep-09
155.3
Published
Oct-09
156.17
Interpolated
Nov-09
157.03
Interpolated
Dec-09
157.9
Published
Jan-10
157.67
Interpolated
Feb-10
157.43
Interpolated
Mar-10
157.2
Published
Apr-10
157.63
Interpolated
May-10
158.07
Interpolated
Jun-10
158.5
Published
Jul-10
158.63
Interpolated
Aug-10
158.77
Interpolated
Sep-10
158.9
Published
Oct-10
160.53
Interpolated
Nov-10
162.17
Interpolated
Dec-10
163.8
Published
Jan-11
164.0
Interpolated
Feb-11
164.2
Interpolated
Mar-11
164.4
Published
Apr-11
167.17
Interpolated
May-11
169.93
Interpolated
Jun-11
172.7
Published
Jul-11
172.7
Interpolated
Aug-11
172.7
Interpolated
Sep-11
172.7
Published
Oct-11
173.1
Interpolated
Nov-11
173.5
Interpolated
Dec-11
173.9
Published
Jan-12
174.9
Interpolated
Feb-12
175.9
Interpolated
Mar-12
176.9
Published
Apr-12
177.57
Interpolated
May-12
178.23
Interpolated
Jun-12
178.9
Published

From the September quarter 2012, these index numbers are published under Table 17 and are calculated on a new index reference period of 2011-12. ABS has advised that a conversion factor of 0.5694 applies (divide new figures by 0.5694 to get them to correlate to the old).


Jun-12
101.9
Published
Jul-12
102.27
Interpolated
Aug-12
102.63
Interpolated
Sep-12
103.0
Published
Oct-12
103.1
Interpolated
Nov-12
103.2
Interpolated
Dec-12
103.3
Published
Jan-13
103.63
Interpolated
Feb-13
103.97
Interpolated
Mar-13
104.3
Published
Apr-13
104.43
Interpolated
May-13
104.57
Interpolated
Jun-13
104.7
Published
Jul-13
105.07
Interpolated
Aug-13
105.43
Interpolated
Sep-13
105.8
Published
Oct-13
106.07
Interpolated
Nov-13
106.33
Interpolated
Dec-13
106.6
Published
Jan-14
106.67
Interpolated
Feb-14
106.73
Interpolated
Mar-14
106.8
Published
Apr-14
106.9
Interpolated
May-14
107.0
Interpolated
Jun-14
107.1
Published
Jul-14
107.17
Interpolated
Aug-14
107.23
Interpolated
Sep-14
107.3
Published
Oct-14
107.27
Interpolated
Nov-14
107.23
Interpolated
Dec-14
107.2
Published
Jan-15
107.17
Interpolated
Feb-15
107.13
Interpolated
Mar-15
107.1
Published
Apr-15
107.2
Interpolated
May-15
107.3
Interpolated
Jun-15
107.4
Published
Jul-15
107.47
Interpolated
Aug-15
107.53
Interpolated
Sep-15
107.6
Published
Oct-15
108.3
Interpolated
Nov-15
109.0
Interpolated
Dec-15
109.7
Published
Jan-16
108.97
Interpolated
Feb-16
108.23
Interpolated
Mar-16
107.5
Published
Apr-16
106.7
Interpolated
May-16
105.9
Interpolated
Jun-16
105.1
Published
Jul-16
104.8
Interpolated
Aug-16
104.5
Interpolated
Sep-16
104.2
Published
Oct-16
104.1
Interpolated
Nov-16
104.0
Interpolated
Dec-16
103.9
Published
Jan-17
104.07
Interpolated
Feb-17
104.23
Interpolated
Mar-17
104.4
Published
Apr-17
104.9
Interpolated
May-17
105.4
Interpolated
Jun-17
105.9
Published
Jul-17
106.93
Interpolated
Aug-17
107.97
Interpolated
Sep-17
109.0
Published
Oct-17
109.2
Interpolated
Nov-17
109.4
Interpolated
Dec-17
109.6
Published
Jan-18
110.97
Interpolated
Feb-18
112.33
Interpolated
Mar-18
113.7
Published
Apr-18
114.83
Interpolated
May-18
115.97
Interpolated
Jun-18
117.1
Published
Jul-18
117.73
Interpolated
Aug-18
118.37
Interpolated
Sep-18
119.0
Published
Oct-18
119.67
Interpolated
Nov-18
120.33
Interpolated
Dec-18
121.0
Published
Jan-19
120.87
Interpolated
Feb-19
120.73
Interpolated
Mar-19
120.6
Published
Apr-19
120.63
Interpolated
May-19
120.67
Interpolated
Jun-19
120.7
Published
Jul-19
121.13
Interpolated
Aug-19
121.57
Interpolated
Sep-19
122.0
Published
Oct-19
122.2
Interpolated
Nov-19
122.4
Interpolated
Dec-19
122.6
Published
Jan-20
122.23
Interpolated
Feb-20
121.87
Interpolated
Mar-20
121.50
Published
Apr-20
121.0
Interpolated
May-20
120.5
Interpolated
Jun-20
120.0
Published
Jul-20
119.57
Interpolated
Aug-20
119.13
Interpolated
Sep-20
118.7
Published
Oct-20
118.9
Interpolated
Nov-20
119.1
Interpolated
Dec-20
119.3
Published
Jan-21
119.46
Interpolated
Feb-21
119.63
Interpolated
Mar-21
119.8
Published
Apr-21
120.6
Interpolated
May-21
121.4
Interpolated
Jun-21
122.2
Published
Jul-21
122.63
Interpolated
Aug-21
123.07
Interpolated
Sep-21
123.5
Published
Oct-21
123.97
Interpolated
Nov-21
124.43
Interpolated
Dec-21
124.9
Published
Jan-22
126.03
Interpolated
FEB-22
127.17
Interpolated
Mar-22
128.3
Published
Apr-22
129.63
Interpolated
May-22
130.97
Interpolated
Jun-22
132.3
Published
Jul-22
133.47
Interpolated
Aug-22
134.63
Interpolated
Sep-22
135.80
Published
Oct-22
136.07
Interpolated
Nov-22
136.33
Interpolated
Dec-22
136.6
Published
Jan-23
136.87
Interpolated
Feb-23
137.13
Interpolated
Mar-23
137.4
Published
Apr-23
137.87
Interpolated
May-23
138.33
Interpolated
Jun-23
138.8
Published
Jul-23
139.5
Interpolated
Aug-23
140.2
Interpolated
Sep-23
140.9
Published
Oct-23
141.43
Interpolated
Nov-23
141.97
Interpolated
Dec-23
142.5
Published
Jan-24
Interpolated
Feb-24
Interpolated
Mar-23
Published

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