The CFPB Office of Inspector General has completed its audit of the bureau’s controversial project to renovate its headquarters office building and found no cause for alarm. “We determined that construction costs appear reasonable based on comparisons to an independent cost estimate and the costs of two comparable building renovations identified by the U.S. General Services Administration,” said the OIG in a new report. “We also determined that potential renovation costs are below the amount previously budgeted and obligated for the renovation.” In addition, the OIG conducted a life cycle analysis to compare the costs of renting and renovating the building to leasing comparable space over a 30-year period.“We determined that the reasonableness of this decision is highly dependent ...