Top Left of Page Image   Top Right of Page Image
 
Maricopa Community Colleges >> Business Services Division >> Purchasing Department
Top Bar
Banner Image
purchasing menufor employeesfor vendorscontact purchasing

501: Lease, Buy, or Build

Before initiating a construction project, consideration shall be given to alternatives, such as leasing or buying existing building space, whenever appropriate. The Chief Procurement Officer, a representative from Facilities Planning and Development and the representative from the College/Unit/District shall participate in deciding whether to build, buy, or lease. Factors for consideration include, but are not limited to:

  1. Whether this is an addition to an existing college campus, in which case leasing or buying is usually not an alternative.

  2. Whether the college's need is on-going or temporary.

  3. The adequacy of available space to fit the college's needs

  4. Whether there is need for control over the building.

  5. The need to physically separate the college's operations from private facilities.

  6. Whether the cost of acquisition of an existing building meets the needs of the college and is cost effective considering the expense and time to be invested in the construction of a new facility.
For more information regarding leases and funding, please refer to "How-To"s for Leases on the Property Accounting website.

5/22/95

Blue Bar Image
11-oct-04 disclaimerfeedback
Maricopa Community Colleges
Powered By Google
2411 West 14th Street · Tempe, AZ · 85281
 
Bottom Left of Page Image   Bottom Right of Page Image