Feasibility Study Phase
Develop Project Delivery Schedule:
Evaluate each viable alternative and include a project delivery schedule that
shows critical events and milestones from the time of the GSA budget
authorization/appropriation to tenant occupancy and their likely impact on on-
time delivery. Environmental compliance actions, site acquisitions, swing space
requirements, and lease terminations/relocations are examples of critical events
that must be clearly identified as milestones on the schedule.
Conduct the financial analysis required of the Capital Program.
Include analyses of the alternative's impact on regional performance
measurements, targets, and strategic goals within the financial analysis. GSA staff
should use the Planning Call to define the financial analysis requirements. In
recent Capital Programs, the Planning Call has required the following tools:
Pro Forma
This real property financial modeling tool analyzes a single facility. It provides
a quantitative study of proposed capital investment requirements, investment
decision-making, and income/expense information for new construction and
R&A proposals.
Multi-Asset Portfolio Planning (MAPP) Model (optional)
Although no longer required by the latest Planning Call, the MAPP modeling
tool performs analyses similar to the pro forma for multiple buildings or leases.
The Automated Prospectus System (TAPS)
TAPS is a present value cost model developed for GSA to meet the require-
ments of OMB Circular No. A-94. TAPS provides an analysis of lease,
new construction, or R&A alternatives, based on the comparison of their
30-year net present value.
The Local Portfolio Plan (LPP)
The LPP is GSA's tool to provide a planning context for GSA assets at a
community-wide or market level.
The Asset Business Plan (ABP)
The ABP is GSA's Web-based asset management tool. It provides building-level
income/expense history and projections, planned investment, and long-term
holding plans for the building.
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