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DOCUMENT RESUME %
02336 - [A1392381] (tsft- Iete U I
[Rel~cation of Federal Agencies to Buzzard Point]. LCD-77-347;
B-95136. May 12, 1977. 3 pp. * 2 enclosures (2 pp.).
Report to Rep. John D. Dingell, Chairman, House Committee on
Interstate and Foreign Commerce: Energy and Power Subcommittee;
by Elmer B. Staats, Comptroller General.
Issue Area: Facilities and Material Management: Building,
Buying, or Leasing Federal Facilities and Equipment (706).
Contact: Logistics and Communications Div.
Budget Function: General Government: General Property and
Rec.)rds Management (804).
Organization Concerned: General Services Administration; Federal
Energy Administration.
Congressional Relevance: House Committee on Interstate and
Foreign Commerce: Energy and Pcwer Subcommittee.
Authority: OM3B Circular A-1I4. Executive Order 11512. Federal
Property Management Regulation 101-18.100.
The General Services Administration's (GSA) economic
analyses of Federal office relocations to a leased building at
Buzzard Point, Washington, D.C., have raised several questions.
Findings/Conclusions: GSA claimed in a news release thet $1
million would be saved by moving the Federal Energy
Administration to Buzzard Point. This statement would have been
more accurate if it had included references to such offsetting
costs as the potential costs of subsidizing employee parking at
Buzzard Point and the one-time cost of relocating the agency.
GSA prepared an economic analysis comparing the cost of housing
certain elements of the FEA at Buzzard Point with the cost of
their present locations. Their analysis shoved a combined
savings of about $2.5 million over 10 years. Because this
analysis contained calculating errors, GAO revised the analysis.
The revised calculations showed a combined savings of $2.364
million over 10 years. The GSA analysis rested on the assumption
that the GSA had a choice between leasing the Buzzard Point
building and renewing the lease on the present facilities. Tn
reality, there was no choice, since the Buzzard Point building
was already leased. Recommendations: Although not specifically
required under Executive Order 11512 when reassigning space, an
economic analysis should be made for space assignments of the
magnitude involved in the move to Buzzard Point. (SC)](ViewImageLocal?handle=hein.gao/gaobaagwi0001&div=1&collection=&method=preview&ext=.png&size=3)