NYSDOT Awards IRD with Five-Year $7.34m Contract
International Road Dynamics (IRD) announced today that the company has been awarded a five-year traffic data collection installation and maintenance contract valued at $7.34m by the New York State Department of Transportation (NYSDOT).
Under this agreement, IRD will install, upgrade, repair, operate, and maintain permanently installed traffic data collection sites located within the state of New York.
There are six types of traffic data collection sites covered under this contract, including continuous count (CC), automatic vehicle classification (AVC), weigh-in-motion (WIM), permanent short count (PSC), wireless vehicle detection systems, and shared traffic data collection sites.
The NYSDOT uses these sites to collect, summarise, and interpret information about the traffic travelling on the State’s highways system. The data is required to assess transportation needs and infrastructure performance, as well as develop planning and programming recommendations.
IRD president and CEO Terry Bergan said: "We are pleased to receive this long-term commitment to provide installation and maintenance services to the State of New York. This agreement complements the award IRD previously obtained for permanent traffic data collection maintenance and upgrades within New York City and Long Island."
"Contracts such as this add to our recurring revenues and align with our corporate strategy to pursue growth in our expanding maintenance and data services business."