Other Transaction Authority (OTA) provides and alternative acquisition approach to the current “costs too much, takes to long system.” The current system cannot be fixed; more than three decades of trying with worsening results is testament to this. Why you … Continued
What GAO Found Congress has authorized 11 federal agencies to use other transaction agreements—which generally do not follow a standard format or include terms and conditions required in traditional mechanisms, such as contracts or grants—to help meet project requirements and … Continued
“Other Transactions” (OT) refer to contractual instruments that are not standard procurement contracts or standard assistance instruments (grants or cooperative agreements). They may be used to support projects which are not strictly procurement or assistance; in lieu of standard assistance … Continued
As government desires to expand the sources of innovative solutions for products or research capabilities that could be adapted to meet critical needs, thereby increasing the level of competition and innovation by accessing companies that have not traditionally done business with … Continued