How Much Does Paving a Parking Lot Cost?

This is the question that interests people who want a polished black colored asphalt Parking Lot. First and foremost, you’re definitely choosing an economical option with asphalt paving.

Asphalt Parking lot has been a top choice of homeowners and with good reasons.

Being a cost-effective option, asphalt greatly reduces the up-front costs of paving a parking lot. It also guarantees durability as a well-paved parking surface can last for up to 20 years.

And the best part is asphalt fairs well in harsher climates of Toronto. It sustains freeze and thaw cycles by shrinking and expanding accordingly.

Cost of Paving Parking Lot Per Square Foot will obviously first depend on the size of the lot. And guess what!

It will cost you even less than paving a driveway. That’s because Asphalt Paving Cost Per Square Foot decreases with the greater surface area.

Always hire a qualified and experienced paving contractor who has the advanced skills and knowledge of the job.

Asphalt Parking Lot Paving Cost Breakdown | Important Factors

Cost of paving an asphalt parking lot largely depends on your location.

Though, the steps required to complete the project also determines the final charges.

What’s important is you don’t compromise by hiring a sub-standard contractor for paving your parking lot surface. This can work against you and can cost you even more in repairs in the long run.

With that said, let’s dive into detailed analysis of Commercial Parking Lot Paving Costs.

#1. Subbase Preparation

When paving a parking lot, the amount of pre-work required on the sub-base layer determines the final time and cost.

Now, the prices will vary based on repaving an existing parking lot surface or installing a completely new lot.

Considering the following factors is important when installing a new asphalt parking lot:

• Clearing the surface to remove any vegetation or trees to maintain the strength of the foundation.
• Excavating the foundation to mold the shape of the lot and leveling the ground for a smooth base.
• Applying a prime coat to increase bonding with the subsequent layers.

Whereas, contractors usually take following steps in case of repaving an old parking lot:

• Examining the base and repairing any cracks or damage to prevent structural failure.
• Leveling the surface to elevate it and smooth out any roughness.
• Tack coating the surface to harden any loose material. It also allows for more secure bonding between layers.

Well, it’s a probability the old surface needs no repair work before paving. In such a scenario, the time and cost of parking lot paving reduces considerably.

#2. Paving Material Cost

Cost of the materials used in the base layer and the surface layer also determines the overall asphalt paving costs. A base layer is laid in the middle of sub-base and surface layer and can consist of aggregate or hot mix asphalt.

Moreover, the surface layer needs to be the strongest of all the layers as it takes the maximum pressure and load. Contractors generally use a mix of aggregate and asphalt binder in the surface layer.

Further, it’s necessary to use high-quality material and consider the cost involved for a satisfying project outcome.

#3. Local Availability of Raw Materials

The cost of hot mix asphalt changes according to the changes in the cost of liquid asphalt cement. Most importantly, the availability of raw materials also impacts the final paving cost.

In some areas, there may be 3-4 asphalt plants whereas other areas may only have 1-2 plants.

As a result, paving contractors have to carry the materials to the job site. For the safe arrival of the material, you also need a professional driver.

This will ultimately add up as transportation costs and will affect the final Cost of Parking Lot Paving.

#4. Drainage Issues

Moisture damage can be lethal for your parking lot. A good paving contractor will always check for any drainage issues in any of the layers.

Taking this important step goes a long way in preserving the structural strength of asphalt.

Any water collected on the surface layer needs to be removed to prevent water infiltration into any lower levels. To achieve this, the contractors may have to adjust the catch basins to drain the water properly.

In the worst case scenario, water may already reach the subsurface layers. And you may have to install a pipe system to collect the water and shift it to a drainage deposit.

Proper drainage system design is a crucial factor in avoiding any long-term damage and extra costs. So, any charges incurred to correct drainage issues is well worth it.

The overall charges for drainage system correction will also depend on the parking lot design.

#5. Milling

The parking lot surface may benefit from milling prior to paving if it has severe cracks and drainage issues. Asphalt Milling is an affordable solution for surface repairs.

The entire process basically involves grinding up an asphalt surface to provide a smoother layer for paving it.

Contractors typically remove a few inches of the surface with the help of a milling machine. This allows for an even and levelled out layer to carry out the paving work.

#6. If There Is Alligator Cracking in the Parking Lot Surface

In this case, it’s sensible to install a geotextile paving fabric before applying the asphalt overlay.

This paving fabric prevents the alligator cracks from coming to the surface again. Furthermore, the cost of geotextile paving fabric depends on the cost per square foot.

#7. Total Transportation Cost

Average Cost of Paving a Parking Lot (estimated asphalt driveway cost) adds up due to transportation costs of carrying the tools to the jobsite. Further, the transportation charge is largely dependent on the amount of materials and tools that are to be carried.

Transportation time also plays a huge role in the case of transporting hot mix asphalt. That’s because it should not cool down before reaching the site.

A professional contractor has well-trained drivers to undertake the task. And this ensures the safety and quality of the materials during transit.

So, these were some of the major factors that play a role in the final Asphalt Parking Lot Paving Cost.

Remember, ignoring a damaged parking lot can cost you even more in the long term. The final costs may go beyond your estimated budget, but, in the end, it’s worth it. And a well-executed paving job always shows in the final outcome.

Moreover, finishing a paving project is not a job for an amateur. Paving a parking lot needs an industry expert and a thorough knowledge of the materials and tools required.

Need a Professional Paving Contractor for Your Parking Lot Area?

Get in Touch with Main Infrastructure!

Main Infrastructure is the top destination for all your asphalt repairs and paving needs. Our team of experts will undertake a thorough inspection of your parking area to prepare a project plan that works according to your specifications.

Parking Lot Paving is a sensitive job and you do need an expert to guide you through the entire process.

We have a highly trained team of site personnel, drivers, and support staff to carry out the job while mitigating any perceived risks.

We understand each project requires a different set of skills and approach. Accordingly, our aim is to put together the best project team with the right expertise to achieve your project’s goals.

Besides Asphalt Paving, our range of asphalt services also include:

• Pothole Spray Patching
• Infrared Asphalt Patching
• Asphalt Crack Sealing
• Manhole/Catch Basin Repairs
• Sweeping Services
• Vacuum/Hydrovac
• Pavement Management Planning

Main Infrastructure is here to offer top-notch asphalt construction services to upgrade the look of your property.

Get in touch with our representatives today for a quick consultation on all your parking lot problems.

Call Us: +1 (416) 514 0809

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