Improved procedures needed for justifying lease acquisitions of Federal buildings

by United States. General Accounting Office

Publisher: U. S. General Accounting Office in [Washington

Written in English
Published: Pages: 22 Downloads: 213
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  • Building leases -- United States.,
  • Public buildings -- United States.

Edition Notes

StatementUnited States General Accounting Office.
ContributionsUnited States. General Services Administration.
The Physical Object
Paginationiii, 22 p. ;
Number of Pages22
ID Numbers
Open LibraryOL22294686M

  Start by recording the journal entries to recognize the start of the lease. The journal entries will reflect the fact that the lease is essentially a sale. For example, assume Company A leases a building to Company B for 10 years, with an annual rent payment of $12, Assume the value of the building is $, Note that the value of the 89%(18). Acquisition Plan Definition: "An Acquisition plan (AP) is the comprehensive document that sets forth the acquisition strategy, defines the efforts required to implement it, and ensures coordination of all human and organizational resources involved in fulfilling the organization's needs in a timely manner and at a reasonable cost.". Federal Acquisition Regulation (FAR) , requiring. agencies to prepare an evaluation of contractor perfor-mance, and FAR , stating that past performance shall be used in all source selections for negotiated com-petitive acquisitions. Who is responsible for evaluating contractor performance? According to FAR , performance. (1) If the purpose of the Federal award is to assist the non-Federal entity in the acquisition of equipment, buildings or land, the aggregate value of the donated property may be claimed as cost sharing or matching. (2) If the purpose of the Federal award is to support activities that require the use of equipment, buildings or land, normally.

In the year , the Federal Cardiac Arrest Survival Act was signed by the President to recommend placement of automated external defibrillators (AEDs) in Federal buildings and to provide Federal Good Samaritan protection for emergency responders who use AEDs. It has been determined that the survival rate of sudden cardiac arrest (SCA) victims. Real Property Leasing Procurement Process Septem policies and procedures led to certain situations in which the SEC was required to make lease payments that could have been avoided if appropriate policies and The OIG concluded that improved policies and procedures for lease . In order to facilitate attainment of the acquisition objectives, the plan must identify those milestones at which decisions should be made (see paragraph (b)(21) of this section). The plan must address all the technical, business, management, and other significant considerations that will control the acquisition. The specific content of plans will vary, depending on the nature, circumstances.   The following due diligence checklist is useful as a general list of items to investigate as part of an acquisition analysis, though the full range of questions will probably not be needed. Some questions may need to be added for an industry-specific acquisition, while far fewer will be needed for an asset acquisition.. Target Company Overview.

The processes of government procurement in the United States enable federal, state and local government bodies in the United States to acquire goods, services (including construction), and interests in real property.. In fiscal year alone, the US Federal Government spent $bn on contracts. Contracts for federal government procurement usually involve appropriated funds spent on supplies.   Several analytical methods can be used to justify the purchase of capital equipment. Many large companies have formal procedures that standardize this process. When all the necessary forms are filled out, decision-makers have the information they need .

Improved procedures needed for justifying lease acquisitions of Federal buildings by United States. General Accounting Office Download PDF EPUB FB2

Improved procedures needed for justifying lease acquisitions of Federal buildings: General Services Administration. [United States. General Accounting Office.]. “Simplified lease acquisition procedures” mean the procedures for awarding leases at or below the simplified lease acquisition threshold.

“Simplified lease acquisition threshold” means the simplified acquisition threshold (see FAR ), when applied to the average annual amount of rent for the term of the lease, including option periods and excluding the cost of services.

this specialized type of lease acquisition, it is recommended that users become familiar with this chapter before attempting to conduct disaster lease acquisitions.

It should also be noted that these procedures apply specifically to actions conducted for FEMA. Background. Federal Regulations. All Federal, state and local government agencies, as well as others receiving Federal financial assistance for public programs and projects that require the acquisition of real property, must comply with the policies and provisions set forth in the Uniform Act.

The acquisition itself does not need to be. Lease Turnover Totals FYFY [XLSX - 64 KB] GSA leases space in diverse locations when leasing is the best solution for meeting federal space needs.

Many GSA leases are square feet or less, so owners do not have to be corporate giants to compete for lease contracts. The Uniform Appraisal Standards for Federal Land Acquisitions have been developed, revised, approved, adopted and promulgated on behalf of the Interagency Land Acquisition Conference.

The Conference is solely and exclusively responsible for the content of the Standards. § The revised book value is then depreciated over the revised useful life. Example: Accumulated Depreciation – Building $70,; Cash $70,; Note: Alterations that modernize rather than improve the quality of a building should be expensed unless the alteration is so extensive as to increase the estimated life of the building.

Written documentation may also be required if awarding a contract using full and open competition after exclusion of one or more sources. If you are excluding a class or classes of sources in order to conduct a small business setaside, or an 8(a) acquisition, no written justification or determination is required.

The purpose of this part is to prescribe simplified acquisition procedures in order to- (a) Reduce administrative costs; (b) Improve opportunities for small, small disadvantaged, women-owned, veteran-owned, HUBZone, and service-disabled veteran-owned small business concerns to obtain a fair proportion of Government contracts.

Part 8 - Required Improved procedures needed for justifying lease acquisitions of Federal buildings book of Supplies and Services: Subpart - Excess Personal Property: Subpart - [Reserved] Subpart - [Reserved] Subpart - Federal Supply Schedules: Subpart - Acquisition of Helium: Subpart - Acquisition from Federal Prison Industries, Inc.

(a) Acquisition planning should begin as soon as the agency need is identified, preferably well in advance of the fiscal year in which contract award or order placement is necessary. In developing the plan, the planner shall form a team consisting of all those who will be responsible for significant aspects of the acquisition, such as contracting, fiscal, legal, and technical personnel.

Scope of part. Responsibility and liability for Government property. Contractors’ property management system compliance. Transferring accountability. Contract clauses. Solicitation. Evaluation procedures. Use and rental. Contracts with foreign governments or international. GENERAL LEASE MANAGEMENT PROCEDURES.

In order to establish a uniform, Department-wide framework for the life-cycle management of VA’s leasehold interests, Administrations and staff offices will: a.

Comply with federal laws and regulations concerning the planning, budgeting, acquisition, management, and disposition of leases. When the non-Federal entity is directed to sell property, sales procedures must be followed that provide for competition to the extent practicable and result in the highest possible return.

(3) Transfer title to the Federal awarding agency or to a third party designated/approved by the Federal awarding agency. CHAPTER lease Construction. Overview ¢J 1. Overview This chapter provides an overview of the policy goals and general process for lease construction.

The procedures for lease construction are established by this chapter and reflect current policy. Future reviSions will address the separation of the solicitation for offers into a. Acquisition - Acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies or services are already in existence or must be created, developed, demonstrated, and evaluated.

Acquisition begins at the point when agency needs are established and includes the. (3) Acquisition of temporary interest through easement, license or permit, and the Government funds the entire cost of the temporary interest. (b) Justification of and execution of any real property acquisitions shall be in accordance and compliance with directions provided by the Contracting Officer.

Codes and Standards. Federal Public Buildings Amendments of40 U.S.C. (formerly section 21 of the Public Buildings Act of40 U.S.C. ), require that each building constructed or altered by GSA or any other federal agency shall, to the maximum extent feasible, be in compliance with one of the nationally recognized model building codes and with other applicable.

Justification for Other Than Full and Open Competition [Name of Project ] [A Brief Introduction: [succeeding lease, new lease, replacement lease.]] [Example for Radio Transmitter] This is a succeeding lease for tower antenna attachment space along with __ square feet of floor space in anFile Size: KB.

(a) Expeditious acquisition. The Agency shall make every reasonable effort to acquire the real property expeditiously by negotiation.

(b) Notice to owner. As soon as feasible, the Agency shall notify the owner in writing of the Agency's interest in acquiring the real property and the basic protections provided to the owner by law and this part. (See § ). own documented procurement procedures that reflect applicable state and/or local laws and regulations, as long as those requirements conform to the federal procurement standards set forth in 2 C.F.R.

§ A sole source justification request should only be submitted if a recipient determines that the award of a contract through a competitiveFile Size: KB. construction need (i.e., a requirements determination) through the planning, programming, and budgeting process could take three or more years.

When adding the time required for congressional authorization and appropriations to fund a project, implementation of the federalFile Size: 1MB.

Acquisition considerations. Statutory requirements. Funding requirements. Acquisition considerations. If the equipment will be leased for more than 60 days, the requiring activity must prepare and provide the contracting officer with the justification supporting the decision to lease or purchase.

Acquisitions with Buildings Evictions Property Inspections These procedures are determined by Indiana Statutes, Federal Highway Administration Procedures, and policies of the Indiana Department of Transportation and the Indiana forms appreciably lighten the burden of administrative correspondence and improve recordFile Size: 1MB.

The Acquisition Program Area includes links to, and highlights from programs which enable agencies to meet these goals include: Environmentally Preferable Purchasing (EPP), Comprehensive Procurement Guidelines (CPG), ENERGY STAR®, the Green Procurement Program (GPP), and the Federal Energy Management Program (FEMP).

other ROW-related items are difficult to anticipate. Accurate estimation procedures are needed to facilitate budgeting and timely completion of projects. This paper reviews the literature related to ROW acquisition and property valuation.

It describes the appraisal process and the influence of federal law on acquisition practices. This course is designed to provide students the essential skills for mastering the fundamental concepts involved in the leasing process.

Under the Competition in Contracting Act (CICA) 41 U.S.C. § (a)(2) and Federal Acquisition Regulation (FAR)when "the agency's need. With hundreds of billions of tax dollars spent each year on goods and services, it is essential that federal acquisition be managed in an efficient and effective manner.

Our work has shown that four interrelated elements promote an efficient and accountable acquisition environment and process: 1) Organizational Alignment and Leadership, 2) Policies and Processes, 3) Human Capital's Acquisition.

Our procurement professionals provide high-value services to NOAA Line and Staff Offices, that are compliant with laws and regulations, are on time, and are at the best value to the government. The AGO oversees the planning, solicitation, award, administration, and closeout of o acquisition and financial assistance transactions annually.

a. Acquisitions are to be made through and approved by the department in need of the equipment. b. Variances between authorized equipment expenditures and actual costs are to be immediately reported to management.

c. Depreciation policies are reviewed only once a year. d. Advance executive approvals are required for equipment acquisitions.Government contracting rules, regulations and procedures dictate how you do business with the government.

The two most important laws you need to be aware of are FAR (Federal Acquisition Regulations) and FASA (Federal Acquisition Streamlining Act).

However, there are numerous other laws that have an impact on government contracting that you. The federal government owns and leases aboutbuildings and billion square feet of space. However, the budgetary rules that govern investment in property are ill-suited to the task of Author: Dorothy Robyn.