16A — September 28 - October 11, 2018 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
www.marejournal.com
O wners , D evelopers & M anagers
RGS promotes Morton to project designer
EWARK, DE — En- gineering, one of the region’s largest inte- Succeed Weston “Pete” Nellius as COT Chairman Governor Carney appoints Williams to Chair Council N
LANCASTER, PA — RGS announced the promotion of Benjamin Morton to project designer. M o r t o n
an ongoing pattern of missing “open” tickets, a major control deficiency. Accounts Receivable Control No one wants to hear that the 50-space monthly account that was three months in ar- rears skipped town without paying. Auditors bring A/R issues to light, allowing man- agement to address moneys due before A/R becomes Bad Debt. These are just a few exam- ples of the types of problems that have become typical in the technology age and which can be addressed through parking audits. Annual op- erational audits help property owners and parking operators stay on top of their game by employing a three-pronged ap- proach: a year-to-year facility performance overview, single- month management state- ment analysis, and deep-dive audit of tickets and reports for a 7-day week. Audit results are documented in a compre- hensive written report that serves as a guidebook to help eliminate avoidable revenue losses and expense overruns. For parking owners and owners or managers of build- ings and complexes that charge for parking, regular parking operations audits are absolutely essential. Rather than eliminating the need for audits, the advent of parking technology and electronic pay- ment has made regular audits even more important by creat- ing a more complex parking management environment. Will Rhodin is senior consultant with Walker Consultants. As a graduate of the Uni- versity of Rhode Island, with a degree in Landscape Ar- chitecture, Morton has more than six years of landscape architectural and land devel- opment experience. He will now be more closely involved with clients, stakeholders, and regulators and will have greater responsibility for tak- ing projects from conception through construction. He will be focused on urban redevelop- ment, green infrastructure and park and open space design. Morton balances his profes- sional accomplishments with a passion for gardening, a love of the ocean, and devotion to his wife and two children.
h a s b e e n with RGS for two years , progressing through with i n i t i a t i v e and dedica- tion and has
grated civil engineering and environmental sciences con- sulting firms announced that firm president Ted Williams has been appointed by Gover- nor John C. Carney as the new chairman of the Delaware De- partment of Transportation’s Council on Transportation (COT). In a ceremony in Dover on August 14, Secretary Jen- nifer Cohan honored Weston E. “Pete” Nellius of Rehoboth for his 17 years of service on the COT including serving as chairman. Ted Williams has served as a member of COT under three governors in the past eight years, having been first ap- pointed by Governor Minner and reappointed twice by Gov- ernor Markell. Williams said he is “honored by the confidence shown by Governor Carney and easily and efficiently perform material takeoffs and estimate quantities for precise and ac- curate bids. It features “click, drop and estimate” function- ality for projects of all sizes, ensuring accurate and timely calculations, and easy adjust- ments as project needs change. ProEST offers 24/7 access to client relationships with rich functionality for customer resource management, cost estimating, takeoffs, integra- tions and reporting. The prod- uct has been designed for both general contractors (offering detailed cost estimates, digital takeoffs and analysis tools for subcontractor comparisons) and subcontractors (featur- ing a flexible, single solution for estimating and digital takeoffs). Budgeting and Valuation ARGUS Enterprise is a single, scalable platform that brings together ARGUS Valu- ation DCF, ARGUS Valuation Capitalisation and ARGUS Asset Management – three leading valuation and asset management solutions. Com- bining asset and portfolio valuations, budgeting and investment structure forecast- ing, flexible reporting, and sensitivity/scenario building for structured stress testing, this comprehensive software
BenjaminMorton
always shown commitment to the exemplary performance of his duties. By understanding, and then prioritizing clients and their needs, he ensures that RGS delivers timely, ef- ficient and quality service that exceeds expectations.
Ted C. Williams (far right) of Landmark Science & Engineering has been named the new Chairman of the Department of Transporta- tion’s Council on Transportation (COT).
continued from page 15A In today’s technology age parking audits . . .
Secretary Cohan” in appointing him to lead the Council and he is “looking forward to providing solid leadership and recommen- dations that will help Governor Carney, his administration, and the citizens of Delaware.” The Council on Transporta- tion is a nine-member advisory
panel that serves in an over- sight and advisory capacity to the Secretary and Directors of DelDOT and to the Governor on issues relating to transpor- tation and other matters that may aid DelDOT in providing the best possible transportation services.
manual adjustment approved by Management? The audit process compares the exception tickets to “exception ticket logs” and to daily reports to establish each ticket’s legitimacy. Coupon and Validation Control Some parking systems still use physical validation cou- pons. Are coupons sequentially numbered? Does the parking operator maintain a log of cou- pons sold so auditors can make sure that coupons aren’t miss- ing or sold out of order? These are both potential signs of theft. Liability Red Flags Such as PCI-DSS Compliance Property owners and/or parking operators risk sig- nificant liability exposure if credit card data security is not compliant to established stan- dards. Does the PARCS vendor provide annual certification of PCI-DSS compliance? Is the (old) PARCS system properly truncating patrons’ credit card numbers? A parking audit can reduce owners’ and operators’ exposure to these potentially serious risks. Monthly Parking Access System Control Auditors compare the list of “active” monthly credentials on the PARCS equipment to the cards and accounts in- voiced by the parking opera- tor. Any discrepancies should be identified and corrected. Are industry-standard control systems, such as “anti-pass- back”, in place for monthly parkers? If not, monthlies may take tickets on the way into the garage, dispose of such tickets and use access creden- tials to exit. This results in
How to build the best construction and development technology stack continued from page 9A
helps organizations maximize performance and profitability. FUEL is an intuitive, fast, accurate, collaborative, open and affordable valuation plat- form. It delivers real-time transparency while automat- ing the entire valuation pro- cess from start to finish. The product, accessible from web and mobile devices, features advanced cash flow modeling tools – including build-and- share discounted cash flow models – and an attractive interface for creating charts to compare various assumptions across properties. AP Processing AvidXchange is a leading provider of accounts payable and payment automation solu- tions for midsize companies. Its purchase order, invoice and payment applications are designed to streamline and automate workflows. AvidX- change also offers electronic services with multiple options for billing and payments. Developed by Core Associ- ates specifically for Acumatica Construction Edition, Acuma- tiScan is an accounts payable workflow automation solution. With a special focus on the intricacies of construction ac- counting, AcumatiScan offers paper-free document routing, customized notification set- tings and other automated
features that simplify time- consuming AP tasks. Document and Approval Management DocuSign has transformed the way businesses send, sign and manage agreements and collect payments. Reliable and trusted worldwide, DocuSign enables users to complete online business transactions quickly and securely on any mobile device. It enables fully digital workflows that save money and increase efficiency. Adobe Sign is a popular tool for preparing and sending documents for signatures. Us- ers can sign, create forms and send documents via a browser, mobile device and popular applications. As Microsoft’s preferred e-signature solution, Adobe Sign can be used to ad- dress signature tasks within Outlook, Word and Power- Point. Signing is as simple as a click, tap or swipe. These are just a few of the solutions that can be used in the multi-cloud world to build the perfect construction and development technology stack. The possibilities are endless, and we are excited to be involved in the CRE Tech 3.0 revolution. Michael Mullin is presi- dent of IntegratedBusiness Systems (IBS) in Totowa, NJ.
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