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General Services Administration's Lease Versus Construction Present-Value Cost Analyses Submitted to the Congress Were Inaccurate

LCD-80-61 Published: Jun 20, 1980. Publicly Released: Jun 30, 1980.
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Highlights

In response to a congressional request, GAO reviewed the lease versus construction present-value cost comparison procedures prescribed by the Office of Management and Budget (OMB) and the accuracy of General Services Administration (GSA) present-value cost analyses in prospectuses submitted to Congress.

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Government Operations
BuildingsComparative analysisConstruction costsCost analysisFederal property managementLeasing policiesReal property acquisitionRecords managementReal propertyPublic works