It is transaction agreements that enable industries to come up with prototypes and engage in research and productions projects, but since it has been a challenge for some time, that is where OTA comes in. These other transactions that the government agencies are able to enter into because of OTA are to meant to empower the government with the latest technology in the market. Other transaction agreements are the government’s way of finding a way around the regulations to ensure they still have what they need. Discussed below is everything you should know about other transactions and how it works.
By allowing government agencies to enter other transactions that give them the power to bypass the government’s procurement regulations, OTA has allowed for greater speed, flexibility, and accessibility which is required in research and prototype activities. An OTA award is open for applications to all commercial and academic institutions across the nation unless you are a traditional defense contractor. You can still win an OTA award if you are traditional defense contractor but only if you are partnering with a non-traditional defense contractor or providing financial cost-sharing.
The federal government is in charge of issuing OTAs and it does so for three important reasons that are usually derailed by the standard government regulations, and they are research purposes, prototype purposes, and 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. In addition to cost-reimbursement OTAs, there is the firm-fixed-price OTAs applicable in minor projects with clearly defined objectives.
The government is usually able to deduce information on potential pricing and prototyping within the scope of a project based on the evaluation factors that you state when soliciting for an OTA through a request for prototype proposals or request for white papers, and it will have a bearing on whether it is awarded to you or not. When you are ready to submit your request for an OTAs on a project, you will submit it to consortia because that is the firm that the government uses and it is the procedure for you to follow.
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. Another benefit of working with outside management is the help you will get in managing your OTA from the professional and experienced OTA officer you will be working with. Discussed above is everything you should know about OTA proposals.