The contract for this year has jumped to $12.95 per square yard. Last year’s contract included costs of $8.40 per square yard.
In May of 2021, the board approved its annual milling and paving contract with the same company for $1.7 million. The price of a barrel of oil compared to last year at this time has escalated considerably,” McNeely said. “We knew very well that the prices were going to be going up for asphalt paving since asphalt is an oil-based product. The contract represents a 54 percent price hike per square yard from last year’s milling and paving program.Įrnie McNeely, township manager, said the township anticipated the price increases.
Lower Merion commissioners this week approved a $2.8 million contract with Allan Myers, L.P.
LOWER MERION – Thanks to the ongoing inflation and very high oil prices, Lower Merion will be paying over 50 percent more for its annual milling and paving contract this summer.
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