Efficiently Monitor Public Buildings Reform Board Updates
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Understanding the Importance of the Public Buildings Reform Board
The Public Buildings Reform Board (PBRB) was established on December 16, 2016, under statute Pub. L. 114-287. Designed as an independent entity, its primary mission is to streamline the federal government's real estate portfolio by identifying cost-saving opportunities and reducing the inventory of civilian properties. The Board's mandate includes recommending the sale of federal properties that are not categorized as surplus or excess but have considerable market value.
Who Should Care?
- Real Estate and Property Developers: Professionals in these sectors are deeply interested in property sales and redevelopment opportunities. The PBRB’s task of identifying properties worth up to $7.25 billion for possible sale or redevelopment is a significant opportunity.
- Government Contractors: Companies working with the federal government need to be aware of changes in property use and availability to align their services with the government's evolving infrastructure needs.
- Compliance Officers and Legal Advisors: Staying informed about PBRB updates helps these professionals ensure their organizations comply with new federal directives, reducing the risk of non-compliance penalties.
- Investment Groups and Analysts: The financial implications of the PBRB’s actions can impact investments and strategies, particularly those involving government-backed real estate.
Why Real-Time Monitoring Matters
The landscape of government real estate is constantly evolving. Keeping track of actions and recommendations from the Public Buildings Reform Board helps organizations:
- Avoid Penalties: Ensuring compliance with new policies and recommendations.
- Capture Opportunities: Real-time insights into property sales can present lucrative investment or development avenues.
- Mitigate Risks: By responding promptly to open comment periods and rule changes.
- Simplify Monitoring: Streamlining the process of tracking government announcements which can often be cumbersome.
Leveraging timely and accurate information can significantly enhance an organization’s ability to strategically align with government actions.
Recent Trends and Regulatory Impacts
Since its inception, the PBRB has been influential in optimizing federal property management, with directives that pave the way for billions of dollars in potential property sales and disposals. Their strategies not only promise cost reductions but also exemplify efficiency in public asset management.
Various industries could feel the ripple effects:
- Construction and Demolition: New developments arising from property sales may require construction or demolition services, creating industry demand.
- Insurers and Underwriters: These professionals must evaluate how changes in federal property portfolios affect insurance needs and liabilities.
How FedMonitor Can Assist
Navigating the complexities associated with monitoring the Federal Register can be daunting. This is where FedMonitor.com shines, simplifying the task to help you stay ahead. Our AI-powered tools offer:
- Custom Notifications: Ensure you never miss critical updates with notifications via email, SMS, or through popular platforms like Slack and Microsoft Teams.
- Targeted Information Delivery: Receive only the information that is relevant to you and your industry, freeing you from the overload of unnecessary data.
- Integration Support: Seamlessly incorporate our service into your workflows with integrations that support Salesforce and other essential systems.
Monitoring developments in federal property management has never been easier. Use FedMonitor to maintain your competitive edge, keeping your organization informed, compliant, and prepared for the future.
For more information, visit our FAQ or Contact Us to speak directly with our support team.
Agency Details
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Status:
Temporary
The Public Buildings Reform Board was established to achieve specific goals related to the reduction of civilian real property and government costs, with a clear mandate and objectives over a defined period. Its establishment by statute for specific recommendations suggests it was designed to operate temporarily to fulfill its legislative directive, and its existence and operations are anticipated to end upon the completion of its mandate.
- Acronym: PBRB
Latest Documents
| Title | Type | Published |
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As provided by the Federal Assets Sale and Transfer Act of 2016 (FASTA), the Public Buildings Reform Board (PBRB) is holding its tenth public meeting. At this meeting, the Board will discuss the progress of past rounds and well as plans for a potenti...
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Notice | Dec 12, 2024 |
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As provided by the Federal Assets Sale and Transfer Act of 2016 (FASTA), the Public Buildings Reform Board (PBRB) is holding its ninth public meeting. At this meeting, the Board will discuss the progress of past rounds and well as plans for the secon...
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Notice | Jun 10, 2024 |
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As provided by the Federal Assets Sale and Transfer Act of 2016 (FASTA), the Public Buildings Reform Board (PBRB) is holding its eighth public meeting. At this meeting, the Board will discuss the progress of past rounds and well as plans for the seco...
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Notice | Aug 28, 2023 |
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As provided by the Federal Assets Sale and Transfer Act of 2016 (FASTA), the Public Buildings Reform Board (PBRB) is holding its seventh public meeting. At this meeting, the Board will discuss the High Value Asset Round and the First Round recommenda...
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Notice | Oct 14, 2021 |
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As provided by the Federal Assets Sale and Transfer Act of 2016 (FASTA), the Public Buildings Reform Board (PBRB) is holding a meeting to discuss its progress on the High Value Asset Round and preparations for the upcoming First Round of sales, conso...
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Notice | Sep 14, 2020 |
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As provided in section 5 of the Federal Assets Sale and Transfer Act of 2016 (FASTA), the Public Buildings Reform Board (PBRB) gives notice of one upcoming public meeting. At the public meeting in Washington, DC the PBRB will provide an update on its...
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Notice | Dec 27, 2019 |
No sub-agencies found.