Schedule Milestone 3A: Congressional Notification to Award
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During the Project Acquisition (Phase III), but after the AST Source Selection. |
Duration: 45-60 days
Sequence: After OSD concurs with the Source Selection Authority's award recommendation, AF/ILEH initiates congressional notification of intent to award through SAF/LLP. The Air Force and the PSC conduct administrative negotiations during this 45-day period and secure funds, but may not release the Successful Offeror's (SO) name until the notification period expires.
Tools Available for this Milestone (3A):
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Schedule Milestone 3B: Transaction Closing
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During the Project Acquisition (Phase III), MAJCOM schedules the transaction closing after the congressional notification period expires. |
Duration: 1 day.
Sequence: Denotes the official closing when the installation transfers the property, management responsibility, and leases the land to the SO. The transaction closing initiates the Ground Lease and/or Use Agreement, Bill(s) of Sale, Purchase and Sale Agreement, Lockbox Agreement, and the Forward Commitment, which sets forth the conditions for permanent financing after construction is complete.
Tools Available for this Milestone (3B):
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