83C IV Indexing Adjustment Mechanism Request for Information
Massachusetts Department of Energy Resources, Eversource Energy, National Grid, and Unitil are soliciting indexed price bids for Section 83C Round 4 procurement, with automatic price adjustments tied to seven indices: CPI, Steel, Copper, Fuel, Labor, Fabrication, and Interest rates. Bidders may submit indexed bids with initial index values anchored to November 2023–January 2024 averages, using baseline data from the U.S. Bureau of Labor Statistics, Energy Information Administration, and Federal Reserve.
Important dates
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Published
AI overview
A Request for Proposal for Section 83C Round 4 solicitation that includes an optional Indexed Price Bid alternative as defined in Section 2.2.1.5 of the RFP. The proposal incorporates an Indexing Adjustment Mechanism that allows bidders to submit indexed price bids with automatic price adjustments based on seven specific indices: CPI (Consumer Price Index), Steel, Copper, Fuel, Labor, Fabrication, and Interest rates. Initial index values are calculated as averages of November 2023, December 2023, and January 2024 monthly values, with the Labor index using the last available quarterly value prior to the bid due date (Q4 2023). The mechanism uses data sources from the U.S. Bureau of Labor Statistics (BLS), U.S. Energy Information Administration (EIA), and FRED St. Louis Federal Reserve. Index values are subject to revision for up to four months after original publication and updates were provided no later than February 29, 2024.
Resources & contact
Proposal Document
View proposal documentSolicitation number
83C IV
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