What Does PSC 2050 Cover?

PSC 2050 (BUOYS) is assigned to contract actions where the primary deliverable involves buoys. Contracting officers assign this code when creating or modifying contract actions in the Federal Procurement Data System (FPDS), and it flows through to USASpending.gov where it becomes part of the public record of federal procurement activity.

Product codes represent tangible goods, equipment, and supplies purchased by the federal government. Product procurements follow established specifications and often use sealed bidding (FAR Part 14) or simplified acquisition procedures (FAR Part 13) for standard commercial items. Many product purchases fall under the commercial items provisions of FAR Part 12.

Understanding Product Code 2050

The first character of a PSC code indicates its broad category. Codes beginning with letters A through Z generally represent services and R&D, while codes beginning with numbers (1-9) represent products and supplies. PSC 2050 begins with "2," placing it in the product classification.

Federal agencies use PSC codes alongside NAICS codes to classify procurements. While NAICS codes describe the contractor's industry, PSC codes describe the product or service being purchased. A contractor with a single NAICS code may deliver goods or services across many different PSC codes. Understanding both classification systems is essential for identifying relevant contract opportunities and analyzing your competitive landscape.

How to Compete for PSC 2050 Contracts

To pursue federal contracts classified under PSC 2050, contractors should take the following steps:

• Register on SAM.gov — All federal contractors must maintain an active registration in the System for Award Management. See our SAM.gov registration guide for step-by-step instructions.
• Select appropriate NAICS codes — Ensure your SAM.gov profile includes NAICS codes that align with the buoys market. Visit our NAICS code directory to identify the best codes for your business.
• Monitor solicitations — Set up saved searches on SAM.gov filtered by PSC 2050 to receive notifications when new opportunities are posted.
• Review past awards — Analyze historical contract awards under this PSC code to understand typical contract values, competition levels, and the agencies most active in this space.
• Consider GSA Schedule — Many product procurements are fulfilled through GSA Federal Supply Schedules. Having a GSA Schedule contract can significantly increase your visibility to federal buyers.

• What is PSC code 2050?

  PSC code 2050 is a federal procurement classification code for buoys. It is categorized as a Product code and is used by federal contracting officers to classify contract actions in the Federal Procurement Data System (FPDS). This code helps track government spending patterns and enables contractors to identify relevant procurement opportunities.

• How much does the federal government spend on PSC 2050?

  The federal government has obligated $17,573,731 under PSC 2050. This figure represents cumulative obligations reported through USASpending.gov and includes new awards, modifications, and exercised options.

• How is PSC 2050 different from a NAICS code?

  PSC codes describe what is being purchased — in this case, buoys. NAICS codes describe the contractor's industry classification. A single contract has both a PSC code (describing the deliverable) and a NAICS code (describing the type of business performing the work). Both codes appear on every contract action in the federal procurement system.

• How do I find contracts under PSC 2050?

  Search for active solicitations on SAM.gov using PSC code 2050 as a filter. For historical awards, use USASpending.gov to analyze past contract actions, identify buying agencies, and review award values. You can also use our Contract Search tool to explore related contractors and awards.

• What type of contract is PSC 2050?

  PSC 2050 is classified as a Product code. Product codes represent tangible goods, equipment, and supplies. These procurements often follow established specifications and may use simplified acquisition procedures for commercial items.