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 that are allowed by OTA are a way of ensuring the government stays abreast with the innovations by eliminating the statutes. Here is a detailed article on how other transactions work and answers to all your questions.
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.
Due to government regulations, most research institutions are usually unable to compete within the government sector, a problem that is solved by OTAs, the same way it does in the prototype as well as production processes. 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 case your firm is handling minor research and development for the federal government with a high level of confidence, that is listed under firm-fixed-price OTAs, and they are not as common as cost-reimbursement OTAs.
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 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. Dealing with a third-party consortium management firm works to your advantage because you will have an experienced individual guiding you through the process of managing OTA. Discussed above is everything you should know about OTA proposals.