A Highway Construction Bid Price Index
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1965-03-01
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Abstract:The purchasing power of a dollar made available to the State for highway construction varies from time to time for any number of reasons. In order that those responsible for long range construction planning may have at their disposal a means of measuring this varying purchasing power at any time and projecting it to any future point in time, a cost index of highway construction has been prepared. This index equates the present cost of highway construction to the cost during the index base period or, in more simple terms, indicates the amount of construction one dollar would have purchased if spent during the base period rather than at present or some past or future year.
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Main Document Checksum:urn:sha-512:23141046f433fd5b3fbaf5160735e95af4519b7fe5feceba5ae0b6b3a87920ebc2fc5318318606a88fe8a9cd2e705eaa0dbf23dd3497d6dab13328922a46e3b7
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