April 5, 2006—The General Services Administration (GSA) has announced it received a “green” rating on the President’s Management Agenda scorecard for the fiscal year 2006 first quarter results in the area of Federal Real Property Asset Management. It is the first government agency to achieve the green rating.
GSA’s practices include continuing to “right-size” its portfolio of real property assets, ensuring GSA’s assets are maintained in the appropriate condition, at the appropriate cost, to help its tenant agencies carry out their missions, and that unneeded properties are disposed of in an efficient manner. This will help GSA meet its long-term goal of achieving a viable, self-sustaining inventory of government-owned buildings.
Under Commissioner David L. Winstead, GSA’s Public Buildings Service has shown results in implementing its agency asset management plan by tracking performance with the FRPC’s four performance measures; asset utilization, asset condition, operating costs, and mission dependency or federal agency need. FY2005 results include:
- Disposing of 27 vacant or underutilized properties through portfolio restructuring efforts;
- Improving asset utilization to 93.2% in government-owned assets and 98.8% in leased assets by eliminating vacant space;
- Improving the condition of GSA inventory with over 76% of assets meeting the FRPC standards for facility condition by targeting reinvestment dollars toward core assets in the portfolio;
- Operating buildings at the appropriate costs with PBS cleaning maintenance and utility expenses 10.5% below private-sector BOMA benchmarks.
