Cost comparisons play a vital role in all business-related expenditures, large or small. So, when it comes to paving new surfaces for your company, you will naturally want to know which pavement material is more cost-effective. Basically, you want to know if asphalt will cost you more than concrete, or vice versa. Scroll down to learn some facts about the cost of asphalt and concrete paving materials that will help you make the best spending decision for your business.
The Price of Asphalt Versus the Price of Concrete
Asphalt and concrete are two entirely different paving materials used to render the same types of paved structures. From roads and parking lots to courts, plazas, sidewalks, curbs, bollards, and more, both asphalt and concrete have proven to be tried and true paving products. But which one will cost you more, upfront and in the long run? The answer is complicated and more importantly, will vary depending on the unique details and specifications of your paving project. For this reason, lean on the facts about asphalt and concrete prices to help you get started in the right direction.
Let’s examine the pros and cons of both paving materials in terms of price and maintenance.
Asphalt is generally cheaper than concrete. That is why it is so widely used to pave roads, highways, and interstate systems. Oppositely, concrete tends to come with a high price tag. On average, asphalt can be procured between $1 and $5 per square foot (installed), while average concrete prices range between $3 and $10 per square foot installed.
Although asphalt is the cheaper paving option upfront, it generates additional costs every 3 to 5 years when it needs resealing. A single bucket of asphalt sealant can cost upwards of $20, so you can imagine the total cost to reseal a multi-level parking lot or business front driveway. Without a proper sealcoat, asphalt will incur more damage, which can lead to premature repairs and overlays.
Concrete does not require much maintenance other than routine cleaning, pressure washing, and if applicable, fresh paint application. However, concrete cracks tend to be a challenging repair, and therefore, pricey. That is something to think about when deciding on a paving material.
Because asphalt and concrete are typically priced by the square foot, installed, the size of your project will largely impact the total cost of paving. The more surface area, the higher the cost, both upfront and in the long run.
Concrete pavements can last between 20 and 60 years with good care. Asphalt pavements can last between 10 and 30 years with regular sealcoating and good care.
Are you looking for qualified road construction and commercial paving in Central Indiana? Contact ACI Asphalt and Concrete at 317-549-1833 for licensed and insured paving services for asphalt and concrete pavements in Indianapolis, Indiana. We serve commercial and industrial clients all throughout such parts of the state.