The General Services Administration (GSA) Integrated Award Environment (IAE) will be implementing system changes to incorporate revisions to the Product Service Codes (PSCs). The PSCs describe the products, services, and research and development items purchased by the federal government, and are used in collecting and analyzing federal procurements.
PSC code D305 was revised with a new title, “IT AND TELECOM – TELEPROCESSING, TIMESHARE, CLOUD COMPUTING, AND HIGH PERFORMANCE COMPUTING”. The two new codes, PSC R616 – PHYSICAL RECORDS MANAGEMENT SERVICES and PSC R617 – ELECTRONIC RECORDS MANAGEMENT SERVICES, were created to provide federal agencies with codes to specifically identify spend on physical records management services and electronic records management services, respectively.
These PSC codes will be deployed May 19, 2019 in the System for Award Management (SAM), Federal Procurement Data System (FPDS), and PSC application program interface (API) in beta.SAM.
Source: GSA Interact