89243324PFE000721 - REMOTE ACCESS TO THE WAFER SCALE ENGINE DEVELOPED ...
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for IT Hardware was awarded in FY2024 on Feb 16, 2024 to Cerebras Systems Inc by Office of Fossil Energy and Carbon Management. There have been $600k in obligations to date with a ceiling value of $1.4M, showing a 43% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of Feb 21, 2025.
Purchase orders offer the Federal Government an avenue to streamline smaller purchases. Compared to the typical procurement process, where a requirement moves through several milestones before award, purchase orders allow for a quick turnaround to fulfill commodity and service needs. The total value of a transaction is the primary prerequisite for the use of purchase orders. In more familiar terms, purchase orders resemble a trip to a local retail store to buy a few items.
- Contract Number
- 89243324PFE000721
- Contractor
- CEREBRAS SYSTEMS INC.
- Obligations to Date
- $600k
- Ceiling Value
- $1.4M
- Award Date
- 02/16/2024
- Contract Type
- Purchase Order
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Energy»Office of Fossil Energy and Carbon Management
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