VISTA Q4 2006 Contract Wins Embrace Real Property Asset Management, Base Realignment and Closure
VISTA Seen as Leader in Federal Initiatives to Improve Financial Performance and Accountability
Herndon, VA (NOVEMBER 07 | 2005) - In Q4 2006, VISTA, a leader in real property asset management, has received three new contracts related to compliance with Executive Order 13327 on Federal Real Property Asset Management (EO 13327) and has extended a contract for Base Realignment and Closure (BRAC). The joint value of these contracts is approximately $500,000.
The EO 13327 contracts involve asset management planning support with the Department of Treasury, Department of Commerce and Department of Justice. The Departments of Treasury and Commerce are new clients for VISTA.
The Defense Logistics Agency awarded VISTA a major continuation of the BRAC support work that was started this past summer. This is a multiple year contract with options that extend through 2009.
The series of contract wins validates VISTA's leadership position in real property asset management as a means of improving financial performance in government. In the case of the EO 13327 contract awards, VISTA is seen as an authority in compliance with this regulation, which is a key initiative in the President's Management Agenda (PMA).
"These new EO 13327 tasks put VISTA in the unique position of having had some role with each agency that has submitted Asset Management Plans (AMPs) to the General Services Administration (GSA) and Office of Management and Budget (OMB)," said VISTA President and CEO David Baxa. "Whether developing the plans or reviewing internally-developed AMPs, we're grateful that Federal executive agencies understand VISTA can speed compliance with EO 13327 - and improve their ranking in the PMA.
EO 13327 and BRAC are part of a recent convergence of federal legislation and regulations that is creating a coherent and cohesive policy of fiscal responsibility from the ground up.
In addition to these initiatives, OMB Circular A-123, General Accounting Service Board Statement 34 and The Sarbanes Oxley Act all act together to emphasize closer Federal scrutiny of full disclosure, inventory, utilization and value of assets - including real property.
EO 13327 in particular ties real property asset management to true program operating costs and organizational performance. Federal executive agencies are tasked under EO 13327 to develop a comprehensive inventory of their real property assets, their condition, utilization, mission value and cost to maintain. An approved AMP is fundamental for compliance with EO 13327.
As part of the President's Management Agenda, agencies that do not comply with EO 13327 may be subject to punitive measures, including budget or staffing reductions.
About VISTA
VISTA is a leader in real property asset analysis, Information Technology and management consulting. VISTA uses IT to dramatically improve any organization's return on investment in fixed, financial and human assets. By comparing three critical business elements - mission strategies, auditable costs and investments, and optimized facilities and infrastructure portfolios - VISTA creates and implements information interoperability, data integration and decision support solutions that work within established enterprise IT architectures. VISTA's solutions transform facilities and infrastructure plans and operations into predictable cash flows, enabling any organization to make money, save money, and become more fiscally responsible - managing change from the ground up ®. For more information, contact VISTA at 703-561-4100, or visit www.vistatsi.com.
Return to Top
|
