PTD Capital LLC
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Urban Systems

Verdan Urban Systems

Status
Active
Entry date
2023-01-09
PTD Capital investment
Recorded current value
Ownership
Internal lead
Selene Ibarra
Last reviewed
2026-05-29

Overview

Verdan Urban Systems coordinates technical studies and project documentation for public-space, climate-adaptation and social-infrastructure programs.

Activities

  • Technical studies
  • Project classification
  • Public-space documentation
  • Climate-adaptation reviews
  • Social-infrastructure briefs

Financial history

Investors OnlyAccess

Funded workstreams

VUS-01 / MethodActive

Program classification

Apply common classes to public-space and adaptation studies.

Budget
Spent
Target
2026-08-26
Owner
Selene Ibarra

Latest record. The table was revised after the April working session.

Next decision. Approve version 1.0 in August.

VUS-02 / ReportingUnder review

Study handover index

Define the minimum accepted study handover record.

Budget
Spent
Target
2026-10-21
Owner
Maia Lorne

Latest record. The index is in review across four study packages.

Next decision. Decide whether photographs are mandatory for all packages.

VUS-03 / OperationsDelayed

Climate input register

Record external technical inputs and their effect on schedules.

Budget
Spent
Target
2026-09-12
Owner
Theo Ardent

Latest record. Two inputs were still outstanding at quarter-end.

Next decision. Re-baseline the affected packages after receipt.

VUS-04 / GovernanceScheduled

September working session

Review program boundaries and the 2027 study sequence.

Budget
Spent
Target
2026-09-23
Owner
Noor Bellamy

Latest record. The working file is open and agenda items are being consolidated.

Next decision. Approve the agenda on 2 September.

Project chronology

priority changed · Open

Priority Changed

The operating sequence was revised so that record delayed client inputs became the next recorded priority. The change followed the current capacity and dependency review.

Consequence: Lower-priority work remained visible in the register and can return at a later review.

reporting method revised · Open

Reporting Method Revised

The reporting method for technical studies moved to a new version after the team identified a classification that was not applied consistently across the available records.

Consequence: The earlier method version remains available and the next comparison is qualified until the revised series has a complete period.

responsibility transferred · Open

Responsibility Transferred

Responsibility for the next climate-adaptation reviews review transferred within the operating team. The source record, open exceptions and scheduled date moved with the file.

Consequence: The receiving owner accepted the source list, open risks and next review boundary.

review scheduled · Open

Review Scheduled

The project classification file was placed on the November 2024 review cycle after the source register was reconciled with the current responsibility list.

Consequence: The review was assigned to Selene Ibarra with a retained period sample and next-decision date.

timeline delayed · Open

Timeline Delayed

The milestone connected to record delayed client inputs moved after the review recorded a continuing dependency: limited comparability between study programs. The earlier target remains in the chronology.

Consequence: The target date was re-baselined without marking the underlying work complete.

working session held · Open

Working Session Held

A working session reviewed public-space documentation, the related exceptions and the evidence required for closure. Items without sufficient support remained open.

Consequence: Actions were recorded against the existing workstream rather than opened as a new program.

Program started · Open

Program started

Program classification entered the operating plan.

Consequence: Budget and review boundary recorded.

Program started · Open

Program started

Climate input register entered the operating plan.

Consequence: Budget and review boundary recorded.

Program started · Open

Program started

Study handover index entered the operating plan.

Consequence: Budget and review boundary recorded.

Under review · Open

Under review

Study handover index: The index is in review across four study packages.

Consequence: Decide whether photographs are mandatory for all packages.

Delayed · Open

Delayed

Climate input register: Two inputs were still outstanding at quarter-end.

Consequence: Re-baseline the affected packages after receipt.

review completed · Open

Review Completed

The technical studies review was completed against the accepted period sample. Exceptions were retained separately from completed work and no change was made to the investment perimeter.

Consequence: Completed observations moved to the period record; unresolved items remained in the exception queue.

Target review · Open

Target review

The scheduled target for Program classification was recorded.

Consequence: Approve version 1.0 in August.

Target review · Open

Target review

The scheduled target for Climate input register was recorded.

Consequence: Re-baseline the affected packages after receipt.

Target review · Open

Target review

The scheduled target for Study handover index was recorded.

Consequence: Decide whether photographs are mandatory for all packages.

Operating indicators

Active study packages

12 packages

Accepted study packages with work recorded in the quarter

Prior period
11 packages
Interpretation
Improved versus prior period (11 packages).
As at
2026-09-30
Source
VUS program register

Packages awaiting input

3 packages

Packages stopped by a missing third-party input

Prior period
2 packages
Interpretation
Deteriorated versus prior period (2 packages).
As at
2026-09-30
Source
VUS dependency log

Handover completeness

87 %

Required handover fields present at internal review

Prior period
84 %
Interpretation
Improved versus prior period (84 %).
As at
2026-09-30
Source
VUS handover index

Current priorities

  • Finish the classification review
  • Standardise study handover files
  • Record delayed client inputs
  • Prepare the September working session

Recent developments

  • The program classification table was revised in April.
  • Two study inputs remained delayed at quarter-end.
  • A common handover index entered review.

Principal risks

  • Delayed technical inputs
  • Changing project definitions
  • Limited comparability between study programs

Documents and research