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NCDOT Vendor Number 10451 • Due to the volatility of liquid asphalt binder prices at this time, all paving prices on this project will be adjusted In accordance with the Monthly Terminal FOB Asphalt Binder Prices as determined by the North Carolina /South Carolina Department of Transportation. This proposal Is based on a Base Price Index of $423.21 for the month of November, 2015. For each $10 change of the monthly selling price from the Base Price Index, all paving Item prices will be adjustec by $0.035 /square yard per one inch depth, or by $0.60 /ton, for the month in which that Item is placed. Performance and payment bonds not included. If required, add 1.5% of contract amount, to be paid upon receipt of bonds. • Work excludes engineering and layout;. testing; undercut; backftiiing; herbicide treatment; prime coat; licenses, fees, and permits other than those required for the operation of this business. • The stone and asphalt section thickness described above represent average thicknesses. • This quote Is based on plan sheets C1.2, C1.6, and C3.4, prepared by Davis- Martin - Powell, and dated 11/2 and C1.7 dated 3/16/16, • Granite Contracting accepts subgrade balanced within +/- 0.10' of planned subgrade elevations, to exci.de Import or expert, firm and unyielding. • Work excludes store base under concrete paving or any stone base that will not be paved, • This proposal expires if not accepted by subcontract within 30 days after the above date. This proposal can be accepted at a later date at Granite Contractinp's option. Payment Terms: Unless of erNise agreed, payment is due within 30 days from the invoice date. ACCEPTED: The above prices, specifications and condldons are satisfactery and are hereby accepted. Buyer: Signature: Date of Acceptance: 6/3/2016 4:45:57 W CONFIRMED: Granite Contracting, LLC Authorized Signature: Estimator: Steven H. Primm (704) 892 -03 x 224 steveprimm@granftecDntracting.com G -3 Page 2 of 2 Attachment numberl \n Page 192