The practice of most of the companies engaged in this class of work is to make a fixed charge per square yard for the pavement, including the concrete but excluding the excavation, and they also guarantee to keep the pavement in repair free of charge for one or two years, and then for so many years after, at so much per yard per annum.

About 14s. per square yard is generally the first charge for constructing, and 1s. per square yard is the annual charge for maintenance.

Upon the subject of cost the following tables[83] may be useful.

Table showing the Actual Duration and Cost
of certain Wood Pavements in the City of London.

Situation.Date when
laid New.
Life.First Cost
per
Square Yard.
Total Cost
of Repairs
per
Square Yard
during Life.
Average Cost
per
Square Yard
per Annum.
Yrs.Mths.£s.d.£s.d.£s.d.
Cornhill- May, 18551020122 0174¹⁄₂0211
July, 1865680116 089³⁄₄030¹⁄₂
Gracechurch Street- Nov. 18531170128 0171¹⁄₂026³⁄₄
June, 1865600116 0611 030³⁄₄
Lombard Street- May, 185194096 060 017³⁄₄
Sept. 1860107092 102 029
Lothbury- May, 18541230126 184³⁄₄034
Aug. 1866610126 035³⁄₄027¹⁄₂
Mincing Lane- July, 18411910144 0134 015¹⁄₄
Aug. 1860130092 126³⁄₄025¹⁄₄
Bartholomew Lane- May, 18541230126 0175³⁄₄025¹⁄₄
Aug. 1866550126 0311¹⁄₄030¹⁄₄
Foundations are included, but no excavation.

Table showing First Cost, and Tendered Cost per Annum
for Maintaining Certain Wood Carriageway Pavements in the City of London.

Situation.Date
when
Laid.
Name of
Contractor.
Years
to be
main-
tained
by
Con-
tractor.
First Cost
per
Square Yard.
Agreed Cost of
maintenance per
Square Yard for
the Contract Term.
Total Cost
of Pavements
during
Contract
Term,
per
Square Yard.
Average
Cost
per
Square Yard
per Annum.
£s.d. £s.d.£s.d.
King William StreetFeb. 1873Improved Wood Paving Co.1601801 year free206026¹⁄₄
15 years at 1s. 6d. = 1l. 2s. 6d.
Ludgate HillNov. 1873Ditto1601801 year free206026¹⁄₄
15 years at 1s. 6d. = 1l. 2s. 6d.
Portions of Great Tower Street and Seething LaneSept. 1873Ditto1601601 year free1149022
15 years at 1s. 3d. = 18s. 9d.
Bartholomew LaneJan. 1872CareyNo
agree-
ment
0126——————
DittoDec. 1871Improved Wood Paving Co.301603 years free0160——
Duke StreetMay, 1873Mowlem and Co.[84]501502 years freeThese pavements will no doubt last some years longer than the contract term of maintenance.
3 years at 1s. = 3s.
HoundsditchNot yet laidDitto[84]701702 years free
5 years at 9d. = 3s. 9d.
DittoDittoCarey[84]701362 years free
5 years at 1s. = 5s.
In the wood pavements the cost of the foundation is included, but no excavation.
The pavements at the end of each financial year are to be in a good sound condition.

The following table[85] is also given as showing the comparative cost of wood paving with macadam and bituminous concrete paving in Liverpool.

Description
of
Pavement.
Original
Cost
per
Square
Yard at
present
prices.
Deductions from
First Cost to
determine Cost of
Renewal.
Interest
on
Original
Cost at
4¹⁄₂
per cent.
per
Square
Yard
per
Annum.
Sinking
Fund in-
vested
at 3
per cent.
Com-
pound
Interest.
Mainte-
nance per
Square
Yard
per
Annum.
Scav-
enging
per
Square
Yard
per
Annum.
Gravel-
ling
per
Square
Yard
per
Annum.
Total
Annual
Cost
per
Square
Yard.
Cost of
Foun-
dation
not
requiring
renewal.
Allowances
for old
Materials
at date of
renewal.
s.d.s.d.s.d.d.d.s.d.d.d.s.d.
No. 6.
Bituminous Concrete Pavement39 NilNil2·0Nil09 2·4..11·4
No. 7.
Wood Pavement151·520 Nil7·54·301·02·75·018·5
No. 8.
Macadam Pavement69 NilNil3·4Nil10 8·0Nil111·4

In concluding this chapter upon wood paving, I will give a specimen specification for work of this description.