PSC AB24 - COMMUNITY & REGIONAL DEVELOPMENT R&D SVCS; AREA & REGIONAL DEVELOPMENT; R&D ADMINISTRATIVE EXPENSES
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Classification & Hierarchy for PSC AB24
The classification hierarchy shows how this PSC code fits within the broader federal procurement structure.
- Level 1 Spend Category:
- 2 Professional Services
- Parent PSC Code:
- AB
- Active Since:
- October 30, 2020
- Last Updated:
- April 30, 2024
Overview for PSC AB24
The PSC code AB24 encompasses Community and Regional Development Research and Development Services, focusing on area and regional development as well as associated R&D administrative expenses. This category involves scientific and technical research aimed at understanding, improving, and innovating community planning, economic development, infrastructure projects, and social development initiatives on a regional or local scale. Government agencies use this PSC when contracting for specialized research services that contribute to the formulation of policies, programs, and strategies designed to foster sustainable regional growth and address community challenges through evidence-based approaches. Services under this PSC typically include data collection, analysis, feasibility studies, and administrative support related to R&D activities.
Typical Buyers & Agencies for PSC AB24
Federal agencies involved in economic development, urban planning, housing, and social services frequently procure under PSC AB24. Common buyers include the Department of Housing and Urban Development (HUD), Economic Development Administration (EDA), Environmental Protection Agency (EPA), and various regional and community-focused departments. These agencies seek specialized R&D services to inform grant programs, policy creation, and project implementation aimed at enhancing regional economies and improving living conditions through targeted development initiatives.
Common Contract Types for PSC AB24
Contracts awarded under PSC AB24 often include cost-reimbursement, fixed-price, and time-and-materials agreements, depending on the project's research scope and complexity. Procurement methods may range from competitive solicitations to task orders under indefinite delivery/indefinite quantity (IDIQ) contracts. Typical use cases involve funding research studies, pilot projects, and administrative support for ongoing R&D programs that require flexible adaptation to evolving community development needs.
Plain-Language Breakdown for PSC AB24
- Covers R&D services focused on community and regional development initiatives.
- Includes administrative expenses related to managing R&D projects.
- Frequently used by agencies like HUD, EDA, and EPA for policy and program development.
- Contracts can be cost-reimbursement, fixed-price, or time-and-materials.
- Aligned with NAICS codes 541720, 541690, and 541611 for research and consulting services.
- Supports evidence-based strategies for economic and social regional growth.
Related Categories for PSC AB24
Other categories at the same level as AB24
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