Equipment Costs for Parking Management (PM)

Note: Equipment list adjusted to 2014 dollars. The date in parentheses under the capital cost value and O&M cost value represents the dollar year from which the cost value was adjusted. All costs are in $K.

Unit Cost Element IDAS# Life (years) Capital Cost $K, 2014 Dollars (Year) O&M Cost $K/year, Dollars (Year) Description
Database and Software for Billing & Pricing 10 10.00 - 15.00 (1995) 1.00 - 2.00 (1995)

Database system contains parking pricing structure and availability. O&M costs based on annual service contract.

Entrance/Exit Ramp Meters 10 1.00 - 3.00 (1995) 0.10 - 0.30 (1995)

Ramp meters are used to detect and count vehicles entering/existing the parking facility. O&M costs based on annual service contract.

Tag Readers 10 1.00 - 3.00 (1995) 0.10 - 0.30 (1995)

Readers support electronic payment scheme. O&M costs based on annual service contract.

Parking Monitoring System 10 14.00 - 32.00 (1998)

Includes installation, detectors, and controllers.

Other Unit Cost Elements -

Summary values under development