PSC W068 - LEASE OR RENTAL OF EQUIPMENT- CHEMICALS AND CHEMICAL PRODUCTS
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Classification & Hierarchy for PSC W068
The classification hierarchy shows how this PSC code fits within the broader federal procurement structure.
- Level 1 Spend Category:
- 18 Equipment Related Services
- Level 2 Spend Category:
- 18.6 Purchases & Leases
- Parent PSC Code:
- W0 LEASE OR RENTAL OF EQUIPMENT
- Active Since:
- October 1, 2011
- Last Updated:
- April 30, 2024
Overview for PSC W068
The Product and Service Code (PSC) W068 pertains to the lease or rental of equipment specifically related to chemicals and chemical products. This PSC encompasses the provision of temporary equipment used in the handling, processing, storage, or application of various chemicals. Contracting under W068 enables government agencies to access specialized chemical-related equipment without the long-term commitment or capital investment associated with purchasing. This flexibility is critical for projects with fluctuating needs or short-term requirements involving chemical substances. Agencies utilize this PSC to support operations in environmental remediation, laboratory testing, chemical manufacturing support, and other missions requiring chemical equipment.
Typical Buyers & Agencies for PSC W068
Typical buyers utilizing the W068 PSC include federal agencies engaged in environmental protection, defense, health and safety, and scientific research. Agencies such as the Environmental Protection Agency (EPA), Department of Defense (DoD), Department of Energy (DOE), and National Institutes of Health (NIH) often require leased chemical equipment to support testing, cleanup, and operational needs. These agencies prefer leasing under W068 when projects demand specific chemical equipment for limited durations or when rapid deployment is necessary without investing in permanent assets.
Common Contract Types for PSC W068
Contracts awarded under PSC W068 commonly involve firm-fixed-price or time-and-materials structures depending on the lease duration and equipment type. Indefinite Delivery/Indefinite Quantity (IDIQ) contracts may be used for recurring needs across multiple projects or locations. Procurement methods range from simplified acquisitions for small-value leases to full and open competitive bidding for larger, complex equipment rentals. Leasing provides agencies with cost-effective access to specialized chemical equipment, mitigating maintenance and obsolescence risks.
Plain-Language Breakdown for PSC W068
- Covers lease or rental of equipment specifically for chemicals and chemical products.
- Used by agencies requiring temporary access to specialized chemical handling or processing equipment.
- Common buyers include EPA, DoD, DOE, and research institutions.
- Contracts range from short-term leases to IDIQ for ongoing equipment needs.
- Supports cost-effective, flexible access to equipment without capital expenditure.
- Often aligned with NAICS codes in chemical manufacturing and hazardous waste management.
Related Categories for PSC W068
Other categories at the same level as W068
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