PSC X1MF - LEASE/RENTAL OF EPG FACILITIES - PETROLEUM
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Classification & Hierarchy for PSC X1MF
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 X1MF
The Product and Service Code (PSC) X1MF pertains to the lease or rental of EPG (Excess Property Group) facilities specifically related to petroleum. This PSC is utilized when government agencies require temporary access to petroleum storage, handling, or processing facilities without the necessity of outright purchase or construction. These facilities may include storage tanks, distribution centers, or other infrastructure essential for managing petroleum products. The use of this PSC allows agencies to secure space and services on a flexible basis, supporting operations such as fuel storage, distribution, and emergency reserve management. By leveraging leased petroleum facilities, federal entities can meet fluctuating operational demands while optimizing budgetary expenditures.
Typical Buyers & Agencies for PSC X1MF
Typical buyers under PSC X1MF include federal agencies involved in energy management, defense logistics, and emergency preparedness, such as the Department of Defense, Department of Energy, General Services Administration, and the Federal Emergency Management Agency. These agencies require access to petroleum storage and handling facilities to support military operations, energy assurance programs, or disaster response. The leasing model provides the flexibility needed for temporary or situational facility needs without long-term capital commitments, making it an efficient solution for operational fuel management and contingency planning.
Common Contract Types for PSC X1MF
Contracts awarded under PSC X1MF commonly include firm-fixed-price leases, indefinite delivery/indefinite quantity (IDIQ) agreements, and requirements contracts. Procurement methods often involve competitive sealed bidding or negotiated acquisitions, depending on urgency and agency requirements. These contracts typically cover terms of facility access, maintenance responsibilities, and duration of lease. The use of performance-based contracting is also prevalent to ensure facility standards and operational readiness. Leasing arrangements can range from short-term emergency use to multi-year agreements aligned with strategic energy or defense initiatives.
Plain-Language Breakdown for PSC X1MF
- Covers leasing or rental of petroleum-related EPG facilities, including storage and handling infrastructure.
- Primarily used by federal agencies managing fuel logistics, energy reserves, and emergency response.
- Contracts typically involve fixed-price or IDIQ leasing agreements with performance-based terms.
- Supports flexible and temporary facility needs without capital investment in physical assets.
- Commonly associated with NAICS codes for petroleum terminals, distribution, and support services.
- Enables government continuity of operations through secure access to petroleum infrastructure.
Related Categories for PSC X1MF
Other categories at the same level as X1MF
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