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Product and Service Code (PSC)

A PSC is a four-digit code that describes a product, service, or  research and development (R&D) activity purchased by the federal  government. The Product and Service Codes Manual maintained by the General Services Administration (GSA) lists all the existing  product/service codes. 

The Product and Service Codes Manual provides codes to describe products, services, and research and  development (R&D) purchased by the federal government. 

These codes  indicate what the government bought for each contract action reported in  the Federal Procurement Data System (FPDS). A contract may have  multiple contract line items, each with its own PSC, but FPDS will only  capture the predominant product or service to be acquired. PSCs allow  procurement systems to link contracting and financial data.

The Defense Federal Acquisition Regulation Supplement Procedures,  Guidance, and Information segment 204.7103 requires the use of PSCs on  contract line items.  All purchase requests (PRs) for service contracts  requirements must include a PSC at the contract line item level of  detail. 

Agency contracting goals

Agency contracting goals instruct certain federal agencies in how much of their contracting dollars should be awarded to small businesses.

About this document and download

The SBA is responsible for ensuring the government-wide goal for participation of small businesses is established annually at the statutory levels, and that the reporting agencies' achievements are relative to the goals.

Here's how the process works:

1. The SBA negotiates with agencies to establish individual agency goals that, in the aggregate, constitute government-wide goals. In addition, the SBA negotiates a small business subcontracting goal based on recent achievement levels. The SBA establishes the government-wide and agency socio-economic category goals at their statutory levels.
2. Before the beginning of the fiscal year, the SBA reviews agency year-to-date performance, and agencies submit their proposed goals to the SBA.
3. The SBA's Office of Government Contracting determines if these individual agency goals, in the aggregate, meet or exceed the government-wide statutorily mandated goals in each small business category.
4. The SBA notifies the agencies of their final agency goals.