“CEA” is the abbreviation for “Central Employment Area”. The term has significance in federal leasing dating back to August 16, 1978, when President Jimmy Carter signed Executive Order 12072. The Executive Order included a key provision…
Category: GovSpeak
GovSpeak: “Scoring”
One of the primary issues federal agencies must address when leasing space is budget scoring. “Scoring” (as the term is routinely used in federal leasing) is the process by which the government determines if it is…
GovSpeak: “Continuing Resolution”
What happens when Congress fails to pass a formal federal appropriations bill, and/or the President fails to sign it into law by October 1st? (We ask “when” rather than “if” because this has happened every year…
GovSpeak: “BRAC”
“BRAC” is the abbreviation for Base Realignment and Closure. Though, to be technically correct, it is formally used by DoD as the acronym for Base Closure and Realignment. Either way, BRAC is the process by which…
GovSpeak: “Prospectus”
If you find yourself working on a large lease transaction, you’ll eventually hear the term “Prospectus”. The Prospectus refers to the document that GSA produces each time it seeks to execute a lease over a specified…