PSC X1AB - LEASE/RENTAL OF CONFERENCE SPACE AND FACILITIES
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Classification & Hierarchy for PSC X1AB
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 X1AB
The Product and Service Code (PSC) X1AB covers the lease or rental of conference space and related facilities. This category includes the provision of meeting rooms, auditoriums, and other venues suitable for hosting conferences, seminars, workshops, and similar events. Government agencies utilize this PSC when they require temporary access to spaces equipped for group gatherings, often with necessary amenities such as audio-visual equipment, seating arrangements, and catering support. The PSC ensures streamlined contracting for facility rental services essential to internal training, public outreach, or interagency collaboration events. By utilizing this PSC, agencies can efficiently secure appropriate venues without the need for permanent infrastructure investments.
Typical Buyers & Agencies for PSC X1AB
Typical buyers using the X1AB PSC include federal agencies such as the Department of Defense, General Services Administration, Department of Health and Human Services, and other entities that frequently conduct conferences, training sessions, or stakeholder meetings. These agencies require flexible and scalable venues to accommodate varying group sizes and event durations. The PSC facilitates the procurement of space that meets specific functional requirements while adhering to budget and scheduling constraints. Agencies engaged in public outreach, interagency collaboration, or workforce development often rely on this PSC to support their event logistics.
Common Contract Types for PSC X1AB
Contracts awarded under PSC X1AB commonly include firm-fixed-price and time-and-materials agreements, depending on the duration and complexity of the rental requirements. Procurement methods often involve simplified acquisitions for smaller events or competitive bidding for larger, recurring conferences. Indefinite Delivery Indefinite Quantity (IDIQ) contracts may also be employed for ongoing facility rental needs. The use of this PSC supports government efforts to secure cost-effective, compliant, and timely access to conference spaces without the obligations associated with long-term leases or property ownership.
Plain-Language Breakdown for PSC X1AB
- Covers leasing or renting of conference rooms, auditoriums, and related facilities.
- Commonly used by federal agencies for training, seminars, and public outreach events.
- Contracts are typically firm-fixed-price or time-and-materials based on event complexity.
- Supports short-term and recurring rental needs without long-term property commitments.
- Frequently aligned with NAICS codes for lessors of nonresidential buildings and event venues.
- Facilitates efficient procurement of event spaces with necessary amenities and support.
Related Categories for PSC X1AB
Other categories at the same level as X1AB
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