Save time and money: understand the true cost of pothole repairs
Every property manager knows the importance of properly maintaining their roads and car parks and how vital it is to repair potholes when they appear. Unfortunately, potholes can become a common occurrence. Not only do they create a hazard to both drivers and pedestrians, but they also add to the cost of doing business.
Potholes are considered a type of hard surface failure, and they can range from small cracks in the asphalt to large holes that require extensive repair. The cost of repairing a pothole can vary based on the size and depth of the hole. Smaller potholes are often filled with an asphalt patch, while larger ones require a more complex repair that may include resurfacing the entire area.
Reactive and scheduled pothole repairs
The difference in cost between filling potholes as part of a planned programme of repairs and as a reactive repair has been highlighted in the 2022 ALARM report. It put the reactive cost of an average single repair in England at £71.40, compared to planned repair costs of £45.83.
Pothole repairs: hidden costs
In addition to the cost of the actual repair, there are several hidden costs associated with potholes, and the day-to-day business disruption cost caused can be substantial and should not be overlooked.
- Day-to-day operations being disrupted could lead to a decrease in the number of customers coming to your site and could deter potential new customers. This can result in a loss of revenue that may offset the cost of the repair.
- Poorly maintain car parks and roads could have a reputational cost, which is very hard to change and should not be underestimated.
- A potential compensation claim cost would not only impact your reputation, but will most likely result in an increase in your insurance premium.
Protect your roads and car parks from potholes
The true cost of pothole repairs to a business can be significant. Repairing potholes quickly and efficiently is essential to protecting your roads, car parks and reputation.
By taking the necessary maintenance steps, property managers can help ensure that customers are safe and that their roads and car parks are compliant and protected.
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