In January, NCR awarded a $73-million contract to Turner Construction of Arlington, Va., for the modernization of Federal Office Building 8—a 547,000-sq-ft building constructed in the 1960s in Washington—into an FDA lab.
With the economy still struggling, GSA is getting good value. Guerin says that bids nationally have averaged 8% to 10% below original estimates. In the NCR, Bush says it’s not uncommon to see bids between 15% and 20% below estimates.