Cost of Parking Lot Paving in Portland
Parking lot paving is a significant investment for businesses and property owners in Portland, ME. Understanding the costs involved can help you budget effectively and ensure you get the best value for your money. Several factors influence the overall cost of paving a parking lot, from the size and condition of the area to the materials used and local labor rates.
Factors Affecting Cost
- Size of the Parking Lot: Larger lots require more materials and labor, increasing the overall cost.
- Condition of the Existing Surface: Poor conditions may necessitate additional preparation work, like excavation or grading.
- Materials Used: Different paving materials, such as asphalt or concrete, come with varying price points.
- Labor Rates: Local labor costs in Portland, ME, can affect the total expense.
- Drainage and Slope Requirements: Proper drainage systems and grading to ensure water runoff can add to the costs.
- Permits and Regulations: Compliance with local regulations and obtaining necessary permits can incur additional fees.
Average Costs for Common Tasks
| Task | Average Cost (Portland, ME) |
|---|---|
| Asphalt Paving | $3 - $5 per sq. ft. |
| Concrete Paving | $6 - $10 per sq. ft. |
| Excavation and Grading | $1,000 - $5,000 |
| Sealcoating | $0.15 - $0.25 per sq. ft. |
| Line Striping | $300 - $500 per hour |
| Drainage Installation | $1,000 - $3,000 |
