Bonding

Annual Escalation Rates

Note - Call Kim Coburn at (385) 320-3721 or Wayne Western at (801)538-5263 and ask for escalation information for the Minerals Program

Minimize surety review delays by understanding the escalation factor and using the correct escalation factor consistent with the year the bond was calculated. The escalation factor is entered on the bonding worksheets on the "Bonding Total Worksheet". If the 2017 RS Means Heavy Construction Cost Data and Blue Book Rental Rate for Construction Equipment were used on the bond worksheets, the escalation factor from 2017 Memorandum is to be used; if the 2016 RS Means Heavy Construction Cost Data and Blue Book Rental Rate for Construction Equipment were used on the bond worksheets, the escalation factor from 2016 Memorandum is to be used, etc.