PSC B547 - SPECIAL STUDIES/ANALYSIS- ACCOUNTING/FINANCIAL MANAGEMENT
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Classification & Hierarchy for PSC B547
The classification hierarchy shows how this PSC code fits within the broader federal procurement structure.
- Level 1 Spend Category:
- 2 Professional Services
- Level 2 Spend Category:
- 2.3 Management Advisory Services
- Parent PSC Code:
- B5 SPECIAL STUDIES - NOT R and D
- Active Since:
- October 1, 2011
- Last Updated:
- April 30, 2024
Overview for PSC B547
PSC Code B547 covers specialized studies and analytical services focused on accounting and financial management. This category includes detailed financial assessments, cost analysis, budgeting studies, and financial systems evaluations that support government agencies in managing their fiscal operations effectively. Contractors providing services under this code typically offer expertise in financial data analysis, accounting methodologies, and financial reporting to inform decision-making and improve financial accountability. Government agencies utilize these services to enhance financial oversight, optimize budgeting processes, and ensure compliance with federal financial regulations.
Typical Buyers & Agencies for PSC B547
Federal agencies with significant financial management responsibilities commonly procure services under PSC B547. This includes departments such as the Department of Treasury, Office of Management and Budget (OMB), Department of Defense financial offices, and other agencies requiring expert financial analysis to support budget formulation, audit preparation, and fiscal policy development. These agencies rely on specialized contractors to provide independent analysis and recommendations that enhance financial governance and ensure responsible use of public funds.
Common Contract Types for PSC B547
Contracts under PSC B547 often include fixed-price, cost-reimbursement, and time-and-materials types, depending on the scope and complexity of the financial studies required. Agencies may use competitive or sole-source procurement methods to acquire these services, often through Requests for Proposals (RFPs) or task orders under existing contract vehicles. Typical use cases involve financial performance evaluations, cost-benefit analyses, audit readiness assessments, and advisory services to support financial decision-making and compliance.
Plain-Language Breakdown for PSC B547
- Focuses on specialized financial and accounting studies to support government fiscal management.
- Used primarily by federal financial oversight and budgetary agencies.
- Supports activities like budgeting, financial reporting, cost analysis, and compliance.
- Contracts include fixed-price, cost-reimbursement, and time-and-materials types.
- Procurements may be competitive or sole-source, often via RFPs or task orders.
- Commonly linked to NAICS codes 541219, 541611, and 541213 for accounting and consulting services.
Related Categories for PSC B547
Other categories at the same level as B547
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