How To Create An Accurate Annual Budget For Your Pavement

How To Create An Accurate Annual Budget For Your Pavement

December has already started, which means very soon we will be entering into the New Year. While many of us look forward to the start of a brand new year, start looking at it with a ‘let come what may’ or fresh start. Others are not as enthusiastic because the start of another year just means more work for them.

Prepare your residential or commercial asphalt and concrete surfaces for 2021. Click here to get a free quote now for Resource Pavement Group in Tampa, FL.

It is time that property managers and owners started work on their annual budgeting for their paved assets so they can provide them with a continuous and uninterrupted maintenance regime and timely repair, resurfacing, or repaving. Without a budget, it becomes exceptionally hard to dish out a few thousand dollars for a big blacktop or concrete project, but ignoring it would lead to inconvenience and other problems. So the smart thing to do here is to create a budget.

However, if your budget isn’t accurate, you could end up with insufficient funds for a project, which means it failed to serve its purpose. So, to create a precise budget, there are a few things that you need to consider.

Four Determining Factors To Consider

The factors explained below will help you accurately predict foreseeable problems and reach an accurate estimation of the amount you will need to deal with them.

  • Evaluate the aesthetic appearance of your existing pavement to judge its condition and weigh its curb appeal.

Examples:

  • If your asphalt pavement looks more gray than black, then it probably needs a seal coat.
  • If there are visible stains on your concrete, then you need a power wash.
  • If your pavement markings are not visible, consider getting line striping done to minimize accidents and prevent potential lawsuits. 
  • Assess the damage done to your pavement to predict what repair projects are or will be required. Also, keep in mind, if you have neglected the minor repairs on your pavement, then the next step is a bigger issue. A professional will conduct a more accurate inspection of your pavement and will be able to better predict the course of action.

Examples:

  • Small cracks can be fixed with crack sealing.
  • Asphalt potholes can be fixed with patching.
  • Surface deterioration requires asphalt or concrete resurfacing.
  • Issues with the drainage, foundation, or base require full removal and replacement.

Tip: Common signs of a compromised foundation are alligator cracking, water pooling, and numerous large potholes.

  • Time can also be used as a predictive factor to determine when the need for specific projects might arise. Although other factors like weathering, maintenance, and usage also play a part. However, there is nothing wrong with checking old receipts and records.

Examples:

For an asphalt pavement:

  • A seal coat will last two to three years.
  • Resurfacing can extend service life by 7 to 10 years.
  • The full life of a newly paved or repaved surface is between 20 to 25 years.

For a concrete pavement:

  • A concrete sealant lasts for 3 to 5 years.
  • It does not need a replacement for 30 to 50 years.

For professional concrete and asphalt paving, maintenance, and repair services in Tampa, FL, contact Resource Pavement Group or click here to get a free quote now.