SUMMARIZED RESUME OF PRINCIPAL APPRAISER
MR. FRANKLIN D. REID, PE, ASA, MBA (Finance), BSc. (Hons.)(Mech. Eng.)
Dip. (Energy Mgt.)
Mr. Reid is the Managing Director of Delano Reid & Associates Limited. He is the leading machinery and equipment appraiser in Jamaica. He is an Accredited Senior Appraiser (ASA) for machinery and equipment with the American Society of Appraisers, one of the world’s most prestigious appraisal organizations. This is the most highly acclaimed designation worldwide for machinery and equipment. He is one of the only accredited senior appraisers of the society in the English speaking Caribbean.
All analyses, opinions, and conclusions are developed, and reports are prepared, in conformity with the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation and the Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers. The American Society of Appraisers has a mandatory recertification programme for all its senior members and Mr. Reid is in compliance.
Mr. Reid is a Professional Engineer, has a Master of Business Administration Degree (Finance) from the University of the West Indies (UWI) 1991, holds an Honours degree in Mechanical Engineering- UWI - St. Augustine 1975 and a Diploma in Energy Management - UWI 1985.
He has over thirty five years working experience and has been involved in all aspects of general management and control, maintenance management and design, project appraisal and construction management, commissioning and operating of production and processing plants and systems and fixed asset management systems. Mr. Reid has evaluated, monitored and reported on projects for local and international financial lending organizations.
As a Fixed Asset Management Professional, Mr. Reid has been involved in all its areas providing invaluable service to a number of clients. In appraisal/valuation assignments undertaken over the past five years, he has determined appropriate values of over Two Hundred Billion Jamaican Dollars (J$200B). Individual assignments have varied between thousands of dollars and over Fifty Billion Dollars (J$50B).
Mr. Reid has a proven track record in the field of appraisals and valuations for both the private and public sectors. Mr. Reid has successfully conducted appraisal/valuation assignments involving machinery $ equipment in literally every manufacturing and service industry. Included in some of these industries are aeronautical & civil aviation, aggregate mining & reduction, bakery, deli and restaurant, beer brewing, bottling & packaging, dairy processing & packaging, food manufacturing & processing, horse racing & related/support, hotel furniture and related/support, office and household furniture/appliances & equipment, poultry production & processing, power generation, transmission & distribution, refrigeration & air conditioning, sugar cane harvesting & processing/factory, water & wastewater production, treatment & distribution and others.
Mr. Reid has conducted assignments in Jamaica and the Caribbean and has also conducted appraisal and related assignments locally on behalf for several internationally based conglomerates.
Mr. Reid has participated in customized training programmes conducted by the American Society of Appraisers and also International Appraisal Conferences of the Society, most recently in July 2007, August 2008, July 2010 and October 2012.