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Showing results for tags 'Lease'.
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Does this sound like a CPPC or any other violation? An agency enters into a lease with a landlord for office space. The number of square feet, the numbers of years, the base rent, and the tenant improvement allowance provided for by the base rent are stated in the lease. The lease provides that if the tenant improvement cost is less than the tenant improvement allowance then the difference will be credited to the base rent in equal monthly amounts over the term of the lease. However, if the tenant improvement cost is more than the tenant improvement allowance then the agency will pay the base -
Question: In the context of FAR Part 45 and proper disposition of government property upon task completion, how should the contractor account for and dispose of the remnants of incidental construction "modifications" (fencing, etc.) to a leased space/facilty? Background: Contractor has been tasked to provide services on a cost reimbursable contract for which a facility lease is required (deemed incidental to the services). The costs for lease, maintenance, and "modifications" to the facility were proposed and direct charged to the task. In order to render the facility suitable for the