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NEWS: First wave of contracts totalling $4.4M under the $118M IRS BPA were awarded to Fedstack, Gauntlet AI, Fearless, and Sokat. Codesmith with no reported contracts.

r/codingbootcamp

u/Snoo-51735 wrote (the comment Michael replied to):

What is the " $118M IRS BP"?

u/michaelnovati replied · ★ FEATURED
A BPA is a "blanket purchase agreement", which means the IRS budgeted/allocated $118M to a large umbrella of AI training/upskilling/hiring. There are 5 companies that received this BPA. When the IRS has a specific task/contract within this budget, e.g. "a 10 week AI bootcamp for 20 level 31 engineers" then they create a task with a price and the 5 companies can compete/propose solutions and one is chosen for that task.