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ASTECH presenter urges 10% budget buffer for chip-seal bids
Summary
Tom Wood of ASTECH told the Silver Creek Township Board that industry shifts and oil-price volatility mean townships should add a roughly 10% contingency when budgeting chip-seal contracts.
Tom Wood, representing ASTECH, gave a technical briefing on chip-seal bidding and application best practices to the Silver Creek Township Board on July 21.
Wood explained historical methods, recommended oil and rock application rates, and described how traffic levels affect embedment. He also advised the board to account for price volatility when budgeting, saying staff should "add[ ] 10% buffer to proposals" to cover potential oil price increases. Board members asked follow-up questions about contract language and bid contingencies; Wood responded with practical suggestions for specifying rates and inspection points in contracts.
The presentation did not include a formal vote. Board members later discussed project retainage and related contracting practices during the old-business portion of the meeting. The board scheduled follow-up work for staff to incorporate the presentation's recommendations into future bid documents and budgeting discussions.
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