Solutions :: On-Street Parking Services

On-Street Parking Services

With cities seeking ways to reduce operating expenses and find innovative ways to close growing budget deficits a managed services model can maximize the value of a city's on-street parking program, while allowing the city to retain policy control.

A growing number of cities are looking to unlock the value of their on-street parking assets. Some of the advantages of this approach include:

Risk Transfer – Duncan will absorb some important risks including potential fluctuations in revenue; maintenance and other operations; and system performance in this partnership, transferring these risks away from the City and its constituents.
Positive Financial Outcome – The City maintains the flexibility to apply the significant upfront payment to advance projects, improve services and/or reduce budget shortfalls.
Performance Improvements – Through our specialization and commitment to continuous improvement, Duncan will bring new technology and innovation to bear over the entire term of our partnership, ensuring increased motorist satisfaction levels.

Duncan provides Parking Management Services under a financial or contractual structure that suits each City's objectives and requirements, and will work with cities to determine a contractual and operational model which maximizes the city's net revenues, but also supports the policy and strategic objectives of the City.

Services Offered

Benefits

Financing Options

Services Offered

Duncan offers a wide array of managed services options ranging from equipment installation to parking enforcement.

Benefits

Positive Financial Outcome

Significant upfront payments that can be used by the City to advance projects / services and/or budget shortfalls
The financial outcome that is tailored based on the City's vision for the future and its economic needs
City shares in economic upside

Performance Improvements

Use of best practice management systems (dynamic integrated online management)
Improved motorist satisfaction
Provision of services to pre-defined Performance Levels

Risk Transfer

Depending on the preferred structure and subject to due diligence, Duncan would assume a number of on-street parking risks currently borne by the City: operational, technical, cost, occupancy, compliance, market and completion / installation

Policy Control Is Retained By The City

Through the agreement, parking, traffic and regulatory settings control would be retained by the City
The rights and obligations of each party would be agreed upfront in the agreement

Seamless Transition

Duncan would look to incorporate existing third party service providers into the concession framework
Duncan will work with City to design an optimal transition plan

Financing Options

While a City can perform Parking Management services, the cost, time and risk of doing so is substantial.

Duncan's management team and our partners have significant experience working with municipalities to finance infrastructure investments such as capital purchases for systems or equipment. These financing models have included traditional purchases, lease-purchase financing, and revenue sharing arrangements, as well as managed services contracts and infrastructure concession agreements.