Verra Mobility: Government Solutions Economics & NYDOT Contract
Former Government Solutions Executive at Verra Mobility
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Verra Mobility: Government Solutions Economics & NYDOT Contract(June 1, 2025)
Former Government Solutions Executive at Verra Mobility
Interview Transcript
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With California, you already have a significant market there. How much does a camera cost, and what is the average cost for full implementation?
As technology evolves, the cost of cameras decrease. Typically, the hardware for a rear camera to capture a license plate costs between $20,000 and $30,000. At night, there's a flashing strobe light and other instrumentation. Construction for a typical project might also be around $30,000. If it's for driver liability, you would double that to include another camera. So, the camera plus installation could easily be $60,000. If spread over a three-year contract without certainty of renewal, we need to determine the monthly fee to recoup the capital investment.
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