3 Reasons Why Bozeman Property Managers Need a Pavement Report
Pavement reports based upon the MICROpaver or PCI (pavement condition index) system have been around for years. These reports are widely used in large municipalities and federal organizations, however, they have not been fully adopted by the commercial and residential world.
This problem is the result of the high upfront costs the reports may require as well as a lack of education on the cost savings in pavement management and preservation. With the cost of new pavement sky rocketing, now more than ever financially conscious property managers are adopting a pavement management plan in order to extend the life of their investments.
1.) Save Money on Costly Asphalt Repairs
On average the cost to replace or rehabilitate an asphalt surface runs $3-$5 dollars a square foot for basic removal and replacement. However, the costs can run much higher if sub base work is necessary. By implementing a pavement maintenance guide, property owners and managers can rest assured that they are doing the most for their asphalt investment. It’s easy to see that spending a few cents a square foot on preventative maintenance, can save you a huge amount of money down the road.
Initiating preventative maintenance can help keep your asphalt surface in the upper limits of the PCI scale. This keeps your maintenance costs low and will greatly extend the life of your asphalt.
2.) Get to Know Your Asphalt Investment
Property managers should be able to understand their pavement investment. They should now what condition it is in currently, where it may be in the next few years and what can be done to protect it for the long haul. There is a reason that these techniques are so widely used in budget-restricted cities around the US; following a pavement maintenance program works! You will see cost savings in the long run and your surfaces will look clean and new in the short term. The cost of reconstructing a street can exceed ten times the cost of performing a preventative maintenance treatment.
3.) Create a Budget
This information is also helpful when presenting to HOA boards. Putting a number and a timeframe on a pavement project is always a little easier to swallow than trying to rush a project through without fully investigating all the options. The main point of a pavement report is to transfer knowledge from a professional contractor to a property manager on what the status of their asphalt is and how they can best manage it.
Sources for This Article:
(n.d.). Retrieved from http://www.elkgrovecity.org/city_hall/departments_divisions/public_works/pavement_management_program
Airport Pavement Management. (2015). Pavement Asset Management,313-324. doi:10.1002/9781119038849.ch35
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