GSA Proposes Building Swap for Federal Triangle South Project

The General Services Administration (GSA) has proposed plans to redevelop a deteriorating federal office complex by L'Enfant Plaza. GSA informed that developers have been showing great interest for more than a year ago. The agency has issued a request for qualifications seeking developers to offer construction and development services in exchange for two federally owned properties at Federal Triangle South.

The selected developer would be responsible for offering the space planning, construction service and other aspects of shifting about 1,500 workers from the GSA's regional headquarters to the GSA's national headquarters at 1800 F St. NW. Besides, the developer will also renovate three historic buildings at the St. Elizabeths campus in Southeast D.C. for the Department of Homeland Security.

The winning bidder would take title to the GSA regional headquarters, 301 Seventh St. SW, and the adjacent Cotton Annex, which is currently an empty building near the regional building. Both are expected to present great redevelopment potential.

Dan Tangherlini, GSA Administrator, informed that the idea of a building exchange for services could play a larger role in how the agency does business if the current proposal is successful. The GSA regional headquarters and Cotton Annex are test cases to that end. He also added that doing these exchanges is relatively new to GSA.

It is expected that request for qualifications will be due by May 22, and the GSA will be able to issue a more formal request for proposals to qualified bidders over the summer, putting the agency in position to make an award by next spring or summer.

The GSA has obtained funding for both projects after great efforts and the building exchange proposal offers the agency a way around the congressional appropriations process. The project would also set the stage for the possible demolition and redevelopment of the old federal buildings.

Federal Triangle South is bounded by Independence Avenue, Sixth Street, Maryland Avenue and parts of D and 12th streets. The Department of Energy and Federal Aviation Administration are also based there, and their buildings could also be considered for a exchange in the future.

Tangherlini informed that this is an opportunity for them to re-examine how to use these buildings and reassess how this space fits within the surrounding community, making sure they are maximizing the utilization of the assets, getting underutilized or vacant properties off their rolls and back into contributing to the economies of the communities of which they are hosted. He said that the GSA requires considering a range of ideas given the tight budgets with which it has had to work over the past few years.

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Published By

Arka Roy

www.washington.quantity-takeoff.com

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Steps to Estimate a construction Project

Estimating a construction project budget can be a tedious task that is accentuated by the fact that there are three types of costs that need to be considered. Project budgets generally contain variable, fixed and per-use costs. Depending on the size of the project, it is beneficial to use a spreadsheet to calculate and set the project budget.

Instructions:

Set the variable pay rates. For costs that fluctuate based on the number of hours consumed, set a standard pay rate. Estimate the number of hours that the resource will be assigned to a task and multiply those hours by the standard pay rate. For example, if you need to hire a contractor and mason, you can set the market standard pay rates per hour, respectively. If you believe the project will take 160 hours for each employee, your total can be calculated easily. Create a pay rate and time estimate for each variable expense in the project. After multiplying the rate by the time estimate, add up these figures so you will have the total variable cost.

Calculate per-use costs of the materials. If a particular resource costs a certain amount each time it is used, take note of the cost per use and then estimate the total amount of times you will be using it for the project. This is generally one project task that has both variable and fixed costs. For instance, the project requires a piece of machinery that has large setup costs and then hourly employee wages to run it. Combining both of these costs of the task is more efficient than tracking them separately, so you can easily manage efficiencies. As with the variable costs, calculate the estimated per-use costs for each per-use expense you perceive in the project to determine the total per-use costs.

Compute fixed costs. List all the costs that are one-time expenses that will not vary throughout the project or that you don't expect to pay more than once. For instance, fixed costs could be purchasing software, machinery, equipment or licenses. Add up all of the fixed costs to get the project's total fixed costs.

List the variable, per-use and fixed costs and then total the amount. This is considered the total estimate for the construction project's budget.

Create an addendum to include estimates. Underneath the total estimate for the project's budget, include all of the estimates used for devising this figure. For instance, say you believe it will take 160 hours each for the programmer and website designer to complete this project.

If you find all these things too much complex then just hire a professional estimator. He will do the estimates of your construction project efficiently. Quantity-TakeOff is one of the websites who provides services in different kinds of estimating.

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Posted By
Debarati Nath
for www.quantity-takeoff.com

Interior Design Estimate

The term interior design is concerned with the improvement of an interior space. After purchasing a residential house or an office for the company premises the first thing is to optimize and harmonize the uses of the interior space.

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