GSA Seeks Private Industry Feedback for Next Generation National Broker Contract
February 22, 2018
GSA is scheduled to host four industry conferences throughout the country in support of the fourth iteration of its National Broker Contract
WASHINGTON, D.C. – On February 13th, the U.S. General Services Administration (GSA) issued a special notice on Federal Business Opportunities (FBO.gov) to host a series of industry conferences in Los Angeles, New York City, Atlanta and Washington, D.C. The intent of the sessions is to obtain feedback from the private sector real estate industry to be used for the development of the fourth iteration of the National Broker Contract.
The previous broker contracts have resulted in the delivery of 118 million rentable square feet, generated more than $345 million in rental abatements and cost savings and provided $49 million in small business opportunities.
The third iteration of the National Broker Contract, the GSA Leasing Support Services (GLS), provides broker and leasing support services (i.e. market surveys, site visits, document preparation, negotiation) for GSA’s contracting officers. Through the life of the contract, GLS is expected to generate approximately $100 million in rent credits to tenant agencies and significantly reduce lease cycle times by eliminating workload redundancy. GSA is in the third year of the GLS contract.
This fourth iteration of the National Broker Contract is slated for award by 2020 with a Notice to Proceed in 2021. GSA’s ultimate goal is to create a contract that achieves increased taxpayer savings and leverages private sector expertise to assist GSA with efficiently managing its expiring lease workload.
Firms interested in attending one of the industry conferences must complete the questionnaire on FBO.gov by March 7, 2018.
For more information on the current broker contracts, GSA Leasing Support Services, please visit www.gsa.gov/gls.
The mission of the U.S. General Services Administration is to deliver the best value in real estate, acquisition and technology services to the government and the American people.