![]() ![]() OTAs are hyper-streamlined, relatively free of encumbering DFAR and FAR regulations, very innovative, and flexible. Offers his unique perspective on this growing area of government contracting most are not familiar with. In DoD contracting, Other Transaction Authority (OTA) solicitations are very popular. In this program, attorney Marc Snyderman, former Chief Operating Officer and General Counsel of a mid-tier government contractor, OTA's have less restrictive contracting rules, so in theory DoD components can use OTA's to fulfill their needs for the warfighter quicker than traditional contracting methods. It is an efficient, effective contracting methodology that appears to be outside the Federal Acquisition Regulations yet is ripe with landmines for clients. The Defense Department has breathed new life into an existing contracting tool called Other Transaction Authority, or OTA. ![]() There has been a rapid increase in OTA usage since 2010 and the trend continues. Other Transaction Authority (OTA) is the term commonly used to refer to the (10 U.S.C. Since then Congress has approved 11 agencies to utilize this authority. 2371 grants DOD the authority to use other transactions to carry out basic, applied, and advanced research projects.8 DOD regulations treat these projects as financial assistance instruments, not as contracts. OT-based collaborations are not subject to some of the regulations that apply to Federal Acquisition Regulation (FAR)-based. Other Transaction Authority (OTA) rights were first granted to NASA in 1958 to increase innovation and speed of the space agency mission by providing an avenue for non-traditional contractors to participate in government contracting. DOD’s other transaction authorities are found in two sections of law: 10 U.S.C. An Other Transaction Agreement or Other Transaction Authority (OTA) is a streamlined vehicle that brings innovative research findings and state-of-the-art prototypes from industry to the Federal Government.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |