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![handle is hein.gao/gaobaackb0001 and id is 1 raw text is:
DCCUMtNT EPSUME
02615 - [A1612598]
(Information concerning the New Federal Office Building in
Indianapolis, Indiana]. LCD-77-346; B-1116890. June 2, ',977.
Released June 21, 1977. 6 pp. : 2 enclosures (6 pp.).
Ren--t to Rep. Andrew Jacobs, Jr.; by Robert G. Rothwell (for
Fred J. Shafer, Director, Logistics and Communications iDiv.I,.
Issue Area: Facilities and daterial Management (700).
Contact: LogisLics and Communicaticns Div.
Buk'ge 4 Function: General Government: General Property and
Records Management (804).
Organization Concerned: Generail Services Administration.
Congressional Relevance: Rep. Andrew Jacobs, Jr.
Authority; P.L. 92-313. B-160851 (1973) .
GAO reviewed the following aspects of the construction
of a new Federal office building in indianapolis, Indiana: the
rejection by the General Services Adninistration (GSA) of a
food-service bidder's offer to install cafeteria equipment; the
investors in the participation certificates related to the
building contracts; and the ultimate cost of the building.
Findings/Conclusions: The p~incipal reasoas for GSA's rejection
of tne fooa-bidder's offer were: a contract holder who furnihed
Puipment would have an unfair advantage over coupetitor3 in
bidding for subsequent awards; and when contractors change,
service would be interrupted probably for several months while
one contractor removed its equipment and the other installed its
own. Funds for the ccnstruction of the building and four other
Federal buildings were obtained in 1972 from the sale of 30-year
participation certificates in the total amount of $196.5
million. The series of certificates that corresponded
approximately to the award for the Indianapolis project amountel
to $22.7 million. GAO estimates that the purchase payments
allocable to the Indianapolis building (principal, interest,
administrative costs, and taxes), together with the other
payments from appropriated funis, dill amount to about $63.7
million when the Government takes title to the building.
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