Other transaction authority also known as OTA allows the government agencies and department of defense to get into other transaction agreements that allow industries to engage in research and production projects. Since the government wants to have state-of-the-art technology, as well as engage in research and development, it where the other transaction agreements come into play. Other transaction agreements are the government’s way of finding a way around the regulations to ensure they still have what they need. Continue reading to learn how other transactions work.
The main benefit of OTA is the speed, flexibility, and accessibility it brings; the government research and prototype activities that could have taken forever can now be accomplished faster and easier because they have all the resources at their disposal thanks to other transactions. An OTA award is open for applications to all commercial and academic institutions across the nation unless you are a traditional defense contractor. The OTA award is not only limited to non-traditional defense contractors but institutions that partner with non-traditional defense contractors, those that can justify their use of the OTA to further the purposes of the federal government, as well as those that are providing financial cost-sharing.
OTAs is usually issued by the federal government for three important reasons which are accelerating research and development, prototype purposes which is for projects aimed at weapons and weapon systems, and for production purposes. When you are working on a project for the federal using your resources, you will be paid back everything in full, and this is what is called a cost-reimbursement OTA and are generally the most popular types. For any firm handling a research and development project meant to reduce government risk, the most suitable type of compensation would be firm-fixed-price OTA.
If you have been wondering about the solicitations methods, you will be glad to know that OTAs can only be solicited through either request for prototype proposals or request for the white paper, highlighting all the factors that may impact the OTA award. When it comes to OTAs, there is not a single stage during the application or submission step for an OTA request that you will deal with the government because they outsource these services through consortium management firms.
The idea that the government is using consortia for OTAs request submission may seem strange to you but it is for your benefit; it shortens the lengthy duration you would have to wait by providing efficiency and flexibility. Since this might be a relatively new concept or field to you, you will get all the help you need from an experienced officer. Discussed above is everything you should know about OTA proposals.