Footnote 1: We issued a report, Control Framework for the
Virginia Square Phase II Project (Report No. 04-018, dated April 22, 2004), which concluded that
FDIC had established an adequate control framework for monitoring construction of the building.
Footnote 2: Rentable Square Foot reflects individual office or cubicle
space plus a 30 percent factor for circulation space and a 15 percent loss factor. For an employee with a
250 square foot office, the RSF calculation would be (250 x 1.3) x 1.15 = 374 RSF.
Footnote 3: In its analysis, DIT initially concluded that one contractor,
Pinkerton, had lower off than on-site rates. Thus DIT excluded 41 Pinkerton off-site contractor employees
from its analysis. DIT later determined that Pinkerton’s on-site rates were lower than their off-site rates.
Footnote 4: ITAS is a multiple award contract valued at $550 million
over a 10 year period of performance. ITAS will consolidate a number of existing contracts and award future
task orders to four pre approved contractors for application development and maintenance support.
