Asphalt is one of the most affordable and cost-efficient paving choices. Be it a road, parking lot, or other surfaces that are to be paved, and once the correct preservation techniques are followed, asphalt can last for many years.
If and when installed correctly, it may be less visible to everyday users than other aspects of a construction project. Yet its functional role is crucial to the safety and overall look of your property, whether you’re building a road, a parking lot or a driveway. Potholes, cracks or unsatisfactory grading creates a negative, and possibly unsafe, experience for customers, guests, residents, and other users.
Average Asphalt Paving Cost per Square Foot
Finding a balance between cost and value within the project’s budget, and determining how to get the most bang for your buck, are often critical parts of project planning. As it stands now, the average asphalt paving costs is between $3 and $6 per square foot.
Factors That Determines Asphalt Paving Cost
Below are the factors affecting the cost of asphalt paving per square foot.
- Tonnage: Quantity needed
To determine how much Asphalt you need for your project, begin with the length, width, and depth of the prepared site. While thicknesses will vary between mixes, this value is a standard rule-of-thumb for estimating purposes. For massive projects, reduced bulk rates may be available.
- Transportation Costs
The costs to transport asphalt from the production facility to the project site are a factor in cost estimating and are also impacted by the type of asphalt needed (hot mix versus warm mix will make a difference in transport options).
Some suppliers make their Asphalt, while others combine materials from different locations. An ideal supplier will own and operate their asphalt plant and use their materials to make the asphalt. This will ensure you always get consistent and high-quality products, as well as the best prices.
- Material Type
Costs vary between the many different types of asphalt materials, which include hot mix, warm mix, porous, and recycled. It is in your best interest to find a supplier that offers a variety of asphalts and can provide you with advice and recommendations for your project.
- Market Factors
More substantial factors, such as environmental regulations, construction activity, and crude oil prices, as well as global and local/regional economies, also impact the pricing for asphalt.
Asphalt Cost per Square Foot Parking Lot
On average, it costs between $3 and $5 per square foot to pave an asphalt parking lot. Striping, marking, and curbing will come at an additional cost. Based on this estimated rate, it would cost about $4,500 to re-pave a 1,500 square foot parking lot.
Asphalt driveway paving cost
Whether you are paving, replacing, or resurfacing an asphalt driveway, you can expect to pay anywhere between $3 and $4 per square foot. A reasonable price when you consider concrete costs approximately $6 per square foot to install. If you’re looking for driveway paving cost estimate, please fill the short form here and we’ll get back to you as soon as possible.