WHAT IS AN OTA?
An “Other Transaction Agreement” (OTA) is a streamlined vehicle that brings innovative research findings and state-of-the-art technologies from industry to the federal government. OT-based collaborations are not subject to some of the regulations that apply to Federal Acquisition Regulation (FAR)-based acquisitions. OTs enable fast acquisition of critically-needed technologies.
WHY DOES THE GOVERNMENT USE OTAs?
- BARDA uses OTAs to further its advanced research and development goals, promote innovation, and support the mission of the HHS Public Health Emergency Medical Countermeasures Enterprise
- BARDA uses OTAs as a type of flexible, strategic partnership between the government and industry to foster innovation and promote collaboration
- Unlike the FAR, the OT-based consortium model allows government and industry to communicate more openly, from requirement generation to the proposal stage
- OTAs affords greater technology and prototype acquisition speed, getting solutions to end users sooner
- OTAs emphasizes engaging a diverse range of technology suppliers of all sizes, casting a wider net for capturing ideas and innovations
- OTAs enable faster contracting through long-term agreements between industry and Government that establish baseline terms and conditions (with the flexibility for negotiated modifications on a project-by-project basis)
The OT consortium enterprise is good government in action—the competition it promotes between large, traditional R&D providers, academic institutions, and small and nontraditional suppliers drives innovation across the entire US economy.
Open Communications = More Relevant Technology Solutions
WHY DO I WANT TO JOIN?
Unlike the FAR, the OT-based consortium model allows government and industry to communicate more openly from requirement generation to the proposal stage; it affords greater technology and prototype acquisition speed, getting solutions to end-users sooner; and it emphasizes engaging a diverse range of technology suppliers by casting a wider net for capturing ideas and innovations.
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