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What is a PSC Code? How is it used in federal contracting? If you read my previous post about the North American Industrial Classification System or NAICS, you know these codes represent one of the tools used by government agencies to classify acquisitions and procurements for goods, services and solutions. I referenced ‘one of the tools‘ because there is another classification system in use that is frequently misunderstood by many companies, or worse, not known to them whatsoever.
Click here for the full article on GovConChannel.
The advent of the Federal Acquisition Streamlining Act (FASA) in 1994 created a new window of opportunity for small companies to engage agency customers. FASA authorized the use of simplified acquisition procedures so agencies could begin to apply expedited and streamlined evaluation and selection processes for awarding smaller dollar value contracts. These rules lower the overall level of risk for agency and vendor and reduce the level of effort associated with issuing and responding to these requirements.
Editor’s Note: So GSA wants to allow agencies and vendors to run amuck by adding unchecked ODCs to Federal Supply Schedule orders without a valid approach for determining price reasonableness. What could possibly go wrong, right Department of Defense and NASA? – Guy Timberlake, The Chief Visionary
The concept of parity is often talked in professional and collegiate sports as in it’s good for the league and for competition. But parity is rarely talked about the ultra-competitive world of federal procurement outside of maybe socioeconomic programs for small and disadvantaged businesses.
That’s why the General Services Administration’s proposed rule on Aug. 8 is both so interesting and important.
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