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GAO Evaluates GSA’s Capital-Planning Strategy for Leases

ContractSigningThe Government Accountability Office has recommended the General Services Administration take a more transparent and strategic approach to its high-value leases, Federal News Radio reported Oct. 25.

Michael O’Connell writes a GAO audit says GSA’s current capital-planning approach leads to greater costs to the federal government.

GAO examined three percent of the GSA’s 218 high-value leases and properties, finding the net rental value at above $2.79 million, according to O’Connell’s story.

Auditors recommend GSA include more information in its congressionally-mandated prospectus report regarding each of the high-value properties and report more high-value properties that do not require prospectus, O’Connell reports.

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