PSC AK13 - COMMERCE AND HOUSING CREDIT R&D SERVICES; COMMERCE AND HOUSING CREDIT; EXPERIMENTAL DEVELOPMENT
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Classification & Hierarchy for PSC AK13
The classification hierarchy shows how this PSC code fits within the broader federal procurement structure.
- Level 1 Spend Category:
- 17 Research and Development
- Parent PSC Code:
- AK
- Active Since:
- October 30, 2020
- Last Updated:
- April 30, 2024
Overview for PSC AK13
The PSC code AK13 pertains to research and development services specifically focused on commerce and housing credit, encompassing experimental development activities in these sectors. This code represents services that facilitate innovative solutions and advancements in commerce and housing credit systems, policies, or technologies. Government agencies utilize this PSC when contracting for specialized R&D efforts aimed at improving economic policies, credit mechanisms, housing finance models, or related experimental development projects. The services covered under AK13 often support initiatives to enhance consumer access to credit, improve regulatory frameworks, or develop novel housing finance products and strategies.
Typical Buyers & Agencies for PSC AK13
Typical buyers for PSC AK13 include federal agencies involved in housing, finance, and economic development such as the Department of Housing and Urban Development (HUD), the Department of Commerce, and the Treasury Department. These agencies seek specialized research and development services to support policy formation, program evaluation, and the design of innovative credit instruments. Additionally, agencies involved in economic regulation and financial oversight may procure these services to advance experimental projects that enhance credit accessibility and housing affordability.
Common Contract Types for PSC AK13
Contracts awarded under AK13 are commonly fixed-price or cost-reimbursement, depending on the project's scope and uncertainty inherent in R&D activities. Procurement methods often include competitive sealed proposals or negotiated contracts to ensure access to highly qualified research entities. These contracts typically support pilot projects, feasibility studies, and advanced experimental development aimed at generating new knowledge or technology for commerce and housing credit applications. Task orders under IDIQ contracts are also frequent to allow flexibility in evolving research requirements.
Plain-Language Breakdown for PSC AK13
- Focuses on research and experimental development in commerce and housing credit sectors.
- Primarily used by agencies like HUD, Department of Commerce, and Treasury for policy and program innovation.
- Contracts often awarded as fixed-price or cost-reimbursement with competitive or negotiated procurement.
- Supports pilot projects, feasibility studies, and advanced development in credit and housing finance.
- Commonly linked with NAICS 541720 and 541715 for social sciences and technical R&D.
- Enables government initiatives to improve credit access and housing affordability through innovative research.
Related Categories for PSC AK13
Other categories at the same level as AK13
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