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You are here: Home / Government Contracting News / GSA needs more transparency over high-valued leases, report says

November 22, 2013 By AMK

GSA needs more transparency over high-valued leases, report says

The Government Services Administration’s capital-planning approach lacks  transparency and strategic focus when it comes to evaluating its most high-value  leases. This hinders the agency’s ability to make informed decisions when in comes  to making those evaluations and, thereby, could result in greater costs to the  federal government.

That’s one of the conclusions of a new Government Accountability Office (GAO) report entitled “Federal Real Property: Greater Transparency and Strategic Focus Needed  for High-Value GSA Leases.”

The Obama administration has directed agencies to reduce real property costs. GAO  found that GSA has made strides in reducing its high-value lease costs, but it  also found that building ownership often is more cost-effective than leasing. This  is especially true when it comes to long-term leasing.

“GSA officials stated that for most high-value leases, federal ownership would be  more cost effective over the long term, but GSA did not have the funding available  to purchase, renovate, or construct a building,” the GAO report stated.

According to GSA’s State of the Portfolio publication, which covered fiscal year  2011, GSA had 374.6 million rental square feet in its inventory. Of that, slightly  more than half — 192.7 million square feet — was leased.

Keep reading this article at: http://www.federalnewsradio.com/445/3491494/GSA-needs-more-transparency-over-high-valued-leases-report-says

Filed Under: Government Contracting News Tagged With: acquisition strategy, capital planning, GAO, GSA, leases, leasing, PBS, public buildings, real property, transparency

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