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Asphalt paving is suitable for both residential and business applications. Asphalt is a popular paving material due to its cost-effectiveness.
When paved and maintained correctly, an asphalt parking lot or driveway may endure for decades. However, how much does it cost to get the most reputable and highest-quality asphalt paving?
Cost of Asphalt Paving
If you are asphalt paving a new surface, you may anticipate spending between $3 and $4 per square foot. You can notice the difference in pricing compared to the typical concrete installation cost, which is approximately $6 per square foot.
Aside from being more affordable, asphalt paving needs more proper maintenance. It can last between 15 and 30 years, while concrete lasts between 30 and 40 years.
Asphalt is priced between $40 and $80 per ton. Hot-mixed asphalt costs $0.75 – $2.00 per square foot, while cold-mixed costs $0.15 – $0.40 per square foot, or $8 – $20 for each 50-pound bag.
Asphalt costs vary according to quality, volume, and delivery charges. The overall cost also includes the cost of construction, labor, and other project-related variables. This article will discuss further the factors that affect the cost of asphalt paving.
Factors Affecting Asphalt Paving Costs
The cost of asphalt paving varies according to many variables. To get a significant final effect, ensure that the asphalt installation is of the highest quality. When comparing asphalt paving costs, you must consider the following factors.
Tonnage
The required tonnage or the quantity of asphalt will vary according to the size of your project. When planning for asphalt paving, the area to be covered must be considered. A substantial quantity of foundation material, labor, time, and asphalt are required.
Asphalt Thickness
The larger surface area results in a lower price per square foot. Heavier weights need thicker asphalt layers, which results in a higher budget. The greater the thickness of the asphalt pavement, the sturdier and more robust the paving. While a 4-inch depth is often sufficient, a deeper one is more suitable for a wide variety of weights and temperatures.
Transportation and Materials
The cost of transporting asphalt from the manufacturing facility to the project site is a significant element in budgeting. Additionally, the kind of asphalt needed affects transportation costs. Some providers produce asphalt in-house, while others get raw ingredients from a variety of sources. The pricing of these materials will also be a factor in determining the ultimate price.
Base Coat
A base coat is essential to any paving project. The cost of the base coat varies according to the material’s quality and the amount of time required to apply it.
Drainage
Most asphalt surface construction and repairs need drainage. While this increases the project’s total cost, it will prolong the surface’s life and save you money.
Foundation (Base)
A high-quality foundation ensures durability. However, it comes at a hefty price. Drainage is critical and installing between 8 and 10 inches of gravel under your asphalt is critical. The greater the quality of the foundation material, the more costly the asphalt job.
Market
Additionally, the environment, permit requirements, building activity, and current oil prices all affect the price of asphalt pavement.
Asphalt is unquestionably the most popular paving material. If you have plans to asphalt pave your driveway and still have doubts, visit Biondi Paving and Engineering. We can provide you with the best quotations that best fit your budget without compromising the quality of our products and services. What are you waiting for? Contact us now.
