PSC X1AA - LEASE/RENTAL OF OFFICE BUILDINGS
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Classification & Hierarchy for PSC X1AA
The classification hierarchy shows how this PSC code fits within the broader federal procurement structure.
- Level 1 Spend Category:
- 4 Facilities & Construction
- Level 2 Spend Category:
- 4.5 Facilities Purchase & Lease
- Parent PSC Code:
- X1 LEASE/RENTAL OF BUILDINGS
- Active Since:
- October 1, 2011
- Last Updated:
- April 30, 2024
Overview for PSC X1AA
The Product and Service Code (PSC) X1AA refers to the lease or rental of office buildings. This PSC encompasses contracts where government agencies secure physical office spaces through leasing agreements rather than purchasing property outright. The services covered under this code include providing office buildings suitable for administrative, operational, or support functions necessary to fulfill governmental responsibilities. Agencies utilize this PSC to acquire flexible workspace solutions that meet their spatial, locational, and functional needs without long-term real estate investment. Commonly, these agreements address the leasing of entire office buildings or significant portions thereof, including multi-tenant structures.
Typical Buyers & Agencies for PSC X1AA
Typically, federal agencies with substantial administrative operations are the primary buyers under PSC X1AA. Departments such as the General Services Administration (GSA), Department of Defense (DoD), Department of Homeland Security (DHS), and other civilian agencies frequently engage in leasing office buildings to support their mission-critical activities. These agencies require office spaces in various metropolitan areas and often rely on leasing to accommodate fluctuating workforce sizes, operational expansions, or relocations without the capital expenditure of purchasing real estate.
Common Contract Types for PSC X1AA
Contracts under PSC X1AA commonly include firm-fixed-price leases, indefinite delivery/indefinite quantity (IDIQ) arrangements, and time-and-materials agreements when ancillary services are included. Leasing contracts may be awarded through competitive bidding, simplified acquisition procedures, or negotiated procurement depending on agency requirements and market conditions. These contracts typically involve terms ranging from short- to long-term leases, with provisions addressing maintenance, utilities, and compliance with federal building standards.
Plain-Language Breakdown for PSC X1AA
- Covers leasing and rental agreements specifically for office buildings used by government agencies.
- Primarily utilized by large federal agencies requiring flexible office space solutions without real estate ownership.
- Contracts often include terms for building maintenance, utilities, and compliance with government standards.
- Common contract types include firm-fixed-price leases and IDIQ agreements with variable lease durations.
- Closely associated with NAICS codes for nonresidential property leasing and real estate services.
- Supports government operational needs by providing adaptable and scalable office environments.
Related Categories for PSC X1AA
Other categories at the same level as X1AA
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