PSC W022 - LEASE OR RENTAL OF EQUIPMENT- RAILWAY EQUIPMENT
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Classification & Hierarchy for PSC W022
The classification hierarchy shows how this PSC code fits within the broader federal procurement structure.
- Level 1 Spend Category:
- 5 Industrial Products & Services
- Level 2 Spend Category:
- 5.1 Machinery & Components
- Parent PSC Code:
- W0 LEASE OR RENTAL OF EQUIPMENT
- Active Since:
- October 1, 2011
- Last Updated:
- April 30, 2024
Overview for PSC W022
The Product and Service Code (PSC) W022 pertains to the lease or rental of railway equipment, encompassing a broad range of railcars, locomotives, and related rolling stock used for transportation and logistical operations. This PSC is used in federal government contracting when agencies require temporary access to railway equipment without the need for outright purchase, supporting short-term projects, infrastructure maintenance, or transportation needs. Leasing railway equipment provides flexibility and cost efficiency, allowing government entities to meet operational requirements without the capital investment or long-term commitments associated with ownership. Typical items covered under this PSC include freight cars, passenger cars, locomotives, and specialized rail vehicles utilized in various mission-critical applications.
Typical Buyers & Agencies for PSC W022
Government agencies involved in transportation, infrastructure, defense, and logistics are the primary buyers under PSC W022. This includes the Department of Transportation, Department of Defense, Federal Railroad Administration, and other federal agencies engaged in rail-related projects or requiring rail transportation services. These buyers utilize leased railway equipment to support construction projects, military logistics, disaster response, and the movement of goods and personnel where rail is an optimal solution. Leasing enables these agencies to access specialized equipment efficiently without committing to permanent acquisitions.
Common Contract Types for PSC W022
Contracts under PSC W022 commonly include firm-fixed-price leases and time-and-material rental agreements, often procured through competitive bidding or simplified acquisition procedures depending on the contract value. Indefinite delivery/indefinite quantity (IDIQ) contracts are also used to provide government agencies with flexible access to leased railway assets over a period of time. These contracts support operational continuity for short-term or intermittent rail needs, allowing agencies to scale equipment usage based on project demands while managing costs effectively.
Plain-Language Breakdown for PSC W022
- Covers lease or rental of railway-specific equipment including locomotives and railcars.
- Commonly used by transportation, defense, and infrastructure federal agencies.
- Supports short-term or project-based rail equipment needs without permanent ownership.
- Typical contracts include firm-fixed-price leases and IDIQ rental agreements.
- Often linked with NAICS 488210 and 532490 for rail transportation support and equipment leasing.
- Enables government flexibility and cost efficiency in rail logistics and transportation operations.
Related Categories for PSC W022
Other categories at the same level as W022
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