The terms FSC and PSC may be familiar to you if you own a business. Federal Supply Classification (FSC) and Product Service Code (PSC) are the abbreviations for these terms. We’ll examine FSC and PSC in greater detail in this post, along with how they operate and connect to your company. What is FSC, exactly?
The US government uses the FSC, a standardized system, to categorize and arrange goods and services for procurement needs. Defense Logistics Agency (DLA) maintains it; it was founded in the 1950s. The four-digit FSC system codes used to identify the good or service being purchased. Each code is divided into two parts: the first two numbers identify the group or category of the good or service, and the following two digits identify the particular thing that belongs to that group. What is PSC, exactly?
PSC is a system that’s comparable to FSC, except it’s utilized by the government to categorize particular services. Five-digit PSC numbers are used to specify the kind of service being purchased. Similar to FSC, PSC codes are categorized and subcategorized according to the kind of service being rendered.
You must log into your account and visit the “Entity Registrations” page on Sam.gov to find your NAICS code. Select the registration you want to examine, then click “View Registrations” from the menu that appears. You may find your NAICS code in the “Business Information” section.
Additionally, where can I locate my NAICS code for Sam gov? Use the NAICS search feature on the Census Bureau website to locate your NAICS code for Sam.gov. The tool will provide a list of probable NAICS codes for you to choose from once you enter a keyword that accurately represents your company.
The NAICS codes that carry a higher risk of fraud, waste, and abuse in government contracts are known as high-risk NAICS codes. Construction, healthcare, and transportation are a few NAICS categories that have a high level of risk.
You may definitely give your company a new NAICS code. You must add the new code to your profile and update your registration information on Sam.gov to accomplish this. Remember that adding a new NAICS code could change the kinds of contracts you qualify for and might necessitate acquiring new credentials.
It is not stated in the article “Understanding FSC and PSC: What They Are and How They Work” how many different NAICS codes there are. The United States, Canada, and Mexico all utilize the NAICS (North American Industry Classification System) to classify enterprises based on their industry.
The United States Census Bureau’s website has a search function that you may use to identify a company’s Standard Industry Classification (SIC) code. To find out the company’s SIC code, you can also visit their official website or get in touch with them.