The General Services Administration (GSA) has identified 19 renovation projects with a price tag of $67.4 million the agency says will lead to long term savings.
The renovations, which include the creation of open work spaces, will allow agencies to rent 507,000 fewer square feet of space, saving them $17 million per year, GSA says. The projects will also allow agencies to move into federally owned space freed up by the consolidations, reducing costs associated with managing leases.
The fiscal 2014 appropriations bill (H.R. 3547) that became law in January provided GSA with $70 million for renovations that reduce the annual rent paid by tenant agencies. The law requires GSA to give preference to projects that result in offices with less than 130 square feet of usable space per employee.
Keep reading this article at: http://www.fiercegovernment.com/story/gsa-divvies-67m-19-renovation-projects/2014-04-22
