New parking lot construction costs on average between $2.50 and $7 per square foot for both materials and labor. Expect to pay between $2.50 and $4.50 for asphalt or $4 to $7 for concrete.
Full Answer
How much does a parking lot cost?
New parking lot construction costs on average between $2.50 and $7 per square foot for both materials and labor. Expect to pay between $2.50 and $4.50 for asphalt or $4 to $7 for concrete.
What's the cost to pave a parking lot?
Your contractor may charge more or less depending on how in-depth the paving project is. Of course, the ultimate factor in cost determination is the paving project's square footage. Generally speaking, paving an asphalt parking lot should cost anywhere from $2-$5 per square foot.
How much does parking lot construction cost?
The average cost for a small parking lot can fluctuate between $75,000 and $150,000 depending on the size, location and concrete parking lot services used. If you need a new parking lot, then contact G&G Concrete & Construction at (586) 571-0337. With over 20 years in business, you can trust G&G for a fair price.
How much does parking lot resurfacing cost?
You can resurface your parking lot for as little as $2 per square foot and as much as $10 per square foot. To get the best price, you need to evaluate the condition of your pavement carefully and find the right contractor.
How do you calculate asphalt for a parking lot?
Multiply the length, width and depth together to get your number of cubic feet. Then multiply cubic feet by 145 to know how many pounds of asphalt you will need. Divide pounds by 2,000, the number of pounds in one ton. This will give you the number of tons of asphalt needed for your project.
How do you quote asphalt?
To find the amount of asphalt needed, multiply the cubic footage by 145 to find the total weight needed, then divide by 2,000.
How much is a 700 ft driveway?
For a larger driveway or thicker base, the cost will be higher. For example, a driveway 15 feet wide by 700 feet long with a six inch base will need approximately 25 tons of gravel, at a material cost of about $700. With delivery, the total cost will be around $1000.
How do you calculate the cost of an asphalt driveway?
For the simplest estimate, you can use this formula.Length x width=Square footage of the driveway.Driveway sq ft x $3= low end cost.Driveway sq ft x 7= high end cost.Driveway sq ft x $2= low end cost.Driveway sq ft x $4= high end cost.When to reseal your driveway:When to repave your driveway:
What is the asphalt price index?
2022 State IndexesStateJanMarCalifornia$404.70$507.20Colorado$436.23$628.91Connecticut$512.50$578.00Delaware$545.00$605.0042 more rows
Why is asphalt so expensive?
Unfortunately, thanks to the unstable economy, sulphur fuel regulations, trade restrictions and the promise of more tariffs, construction industry experts predict the cost for raw materials like asphalt and concrete will skyrocket in the coming year.
Is concrete cheaper than asphalt?
Because the substance used to create asphalt is less expensive than cement, asphalt driveways are usually 30% to 45% less expensive than concrete. Curing Time - Asphalt driveways can be completed faster than concrete driveways, which is the reason it is used almost exclusively for road construction.
How much does a ton of asphalt cover?
Asphalt cost per ton One ton of asphalt covers 30 to 80 square feet. A 2-car driveway needs 7.5 to 18 tons of asphalt, depending on the thickness.
Is asphalt the same as blacktop?
Blacktop is heated to approximately 150 degrees celsius, whereas asphalt is only heated to 120 degrees celsius. Asphalt is has a higher bitumen content and for that reason is less porous and more resilient to wear and tear from high traffic and thus is the preferred choice for major highways.
How thick should a asphalt driveway be?
2 to 3 inchesResidential driveways typically use 2 to 3 inches of asphalt with 3 being suitable for occasional large trucks or heavy equipment. Underneath the asphalt you should have 6 to 8 inches of granular base aggregate.
Is concrete driveway better than asphalt?
Overall, asphalt is less durable than concrete. With proper maintenance, it can last 30 years. Alternatively, concrete provides a sturdy, long-lasting option and can last homeowners 50+ years with occasional repairs and degreasing.
Can you put asphalt over concrete?
If the question is "CAN I lay asphalt over concrete?" then the answer is "Yes." This is absolutely possible if elevations allow for it, and we're happy to lay asphalt driveways over concrete if that's what you want. It's also the cheaper option since heavy equipment is required to dig up an existing concrete slab.
How An Asphalt Parking Lot Cost Calculator Works
Our parking lot cost calculator works by estimating the material cost of your project, based on the size of your lot and the thickness desired for the asphalt.
When To Use the Asphalt Calculator
If you know that you will be investing in a new parking lot for your business in the future, the calculator is a good first step to get the ball rolling on your project.
Always Talk to Your Contractor for an Exact Estimate
The asphalt calculator is a good tool to use for an approximate estimation of the cost of your project.
How much does asphalt cost per ton?
Asphalt cost per ton. Asphalt costs $40 to $80 per ton on average. Asphalt prices vary depending on the mix and material ingredients. One ton of asphalt covers 30 to 80 square feet. A 2-car driveway needs 7.5 to 18 tons of asphalt, depending on the thickness. Asphalt cost per ton by material - chart.
How much does it cost to haul asphalt?
A bulk truckload of asphalt costs $500 to $1,800, including delivery fees. Tandem trucks carry 13 to 20 tons of asphalt that cover 550 to 850 square feet with a layer 3 to 5 inches thick. Prices vary according to the asphalt-delivery distance.
How much does it cost to rent an asphalt paving machine?
Renting an asphalt paving machine costs $750 to $3,600 per day on average. Asphalt roller rental costs $120 to $700 per day for ride-on compactors 3 to 4-foot wide. Renting asphalt paving machinery sometimes requires a commercial driver’s license and additional training.
How much does a 50 lb bag of asphalt cost?
A 50 lb. bag of cold-patch asphalt costs $8 to $20 and covers 5 to 7 square feet at a 1" depth. Cold-patch asphalt is the only DIY-friendly option that cures by compaction alone.
How many tons of asphalt is in a cubic yard?
There are typically 2 tons in 1 cubic yard, depending on the mixture's density. A cubic yard covers 65 to 110 square feet with an asphalt layer 3 to 5 inches deep.
What is the difference between asphalt and blacktop?
The terms “asphalt” and “blacktop” are slightly different. Highway pavers use asphalt, which contains less stone than real blacktop. Blacktops are used for residential areas with less traffic, are easier to repair, and more durable than asphalt.
How much does it cost to install asphalt?
Asphalt paving material usually costs $40-80 a ton. One ton will cover 30 to 80 square feet. A residential driveway averages 9-24 square feet. Other materials are needed for asphalt driveway installation as well, and will affect the final cost.
How much does a paver driveway cost?
They offer a wide variety of designs, shapes, sizes, and colors. A paver driveway will cost between $13-15 per square foot. A poured concrete driveway ranges from $7-9 per sq ft.
What is the most expensive option to have a driveway removed?
Repaving. Repaving your driveway requires removing the old driveway completely. This is the most expensive option, because you will be paying to have the old driveway removed and a new driveway installed. This is of course the most expensive option, but a paved driveway has a lifespan.
What is resurfacing a driveway?
Resurfacing is the middle ground of driveway repair. It’s also known as asphalt overlay. In many cases, this can repair significant asphalt cracks. Existing asphalt is covered with a new layer of asphalt, in a process similar to the original driveway.
Why does asphalt crack?
Over time, the heat from the sun’s rays will begin to break down the materials in the asphalt and remove moisture. As the asphalt weakens due to the sun, cracks begin to form.
How long can you drive on a driveway after it's installed?
You won’t be able to drive on our driveway for 3-5 days after it’s installed. You’ll need to avoid parking on the driveway for the first 14 days, particularly in the hot part of the day.
What is the cheapest driveway?
A gravel driveway is the cheapest option if you need a new driveway, at $1-3 per sq ft. It matches with any style of home. Classic gray gravel is well suited to a winding country drive. White gravel provides a modern look.
Asphalt calculator formula
Based on the measurements you provide for required length, width and thickness, the calculator first works out the area and volume of the hot asphalt mix required using the below formulas:
Calculation examples
Imagine I want to pave over an area measuring 20 feet by 4 feet to a thickness of 6 inches using standard asphalt (140 lb/ft³) and costing $150 per US short ton.
What if my measurements are in different units?
The best thing about our asphalt calculator is that it takes care of this for you.
Parking Lots Cost Factors
Learn about the factors that increase and decrease the cost of striping a parking lot.
Parking Lots Cost Research & Resources
How to Bid a Parking Lot Sweeping Job This is a helpful resource for parking lot sweeping services. Get tips for estimating new jobs and submitting successful bids.
Parking Lots Cost Data
Estimated quote takes into account the price of asphalt paving. Also includes surface preparation, minor pothole repairs, and new 2-inch layer of compacted hot asphalt.
What is asphalt calculator?
An asphalt calculator will use the type of aggregates and materials used in your surface to determine its true cost. Asphalt type includes aggregate material and technology used to bind the content together.
How much does asphalt cost?
Costs of asphalt also vary by region. Nationwide the average cost of a 24’ x 24’ surface area with a 3” thick installation is $5,758 . The cost breakdown includes materials, labor, and installation.
What is the most common grade of asphalt?
The most commonly used asphalt grading includes base grade, top-grade , and the commercial top grade. Each of these grades varies slightly in cost, which impacts the total surfacing price. The base grade is a rough asphalt that contains stone aggregate or gravel.
What is the temperature of asphalt?
The three major types of asphalt mixes are hot, warm, and cold. Hot mix asphalt is heated and poured at temperatures ranging from 300 to 350 degrees Fahrenheit. It is the most common asphalt used for roadways. A hot mix is also an inexpensive option, thanks to its recycled materials.
What type of asphalt mix should I use?
Most asphalt surfaces use a hot mix with some recycled aggregates, if not entirely all recycled materials. However, some asphalt contractors recommend different asphalt mixes depending on the location, traffic, and differences in your situation. The three major types of asphalt mixes are hot, warm, and cold.
How does working hours affect asphalt?
As with any hands-on work, working hours impact the total cost of installing an asphalt surface. The larger the scale of a project, the more time it will take. Contractors will also offer additional workers to reduce the time it takes to complete the project. However, the application process requires specific times for curing and drying, so contractors can only reduce project length so much. Any of these additional staff hours will affect the final cost.
Why is flexibility important in asphalt?
Simultaneously, flexibility prevents most of the damage caused by contrasting pressures exerted while driving on the asphalt. Along with the type of asphalt mixture, there are different aggregates you can combine for your surface material, including recycled, porous, and colored.
How much does it cost to install asphalt?
Expect to pay about $1 to $2.50 per square foot for materials. Asphalt installation cost factors include the depth of the paving, shipping and freight fees, and local market prices.
How much does it cost to build a parking lot?
New parking lot construction costs on average between $2.50 and $7 per square foot for both materials and labor. Expect to pay between $2.50 and $4.50 for asphalt or $4 to $7 for concrete.
How often do parking lots need to be repaved?
Parking lots need to be repaved about every 15 to 20 years.
How much does concrete cost per square foot?
Concrete parking lots range between $4 and $7 per square foot, including both materials and labor. It typically includes the cost to deliver concrete. Multiple bids can help you find the exact rate for your project.
How many parking spaces are required for ADA?
Some, but not all municipalities require a minimum of three parking spaces per 1,000 square feet of floor space. Most states require permits before the installation can begin. Return to Top.