An Other Transaction Agreement (OTA) is an acquisition instrument for federal agencies, distinct from standard Government contracts, grants, or agreements.
An Other Transaction Agreement (OTA) is an acquisition instrument for federal agencies, distinct from standard Government contracts, grants, or agreements.
OTAs provide a flexible, commonsense way to link buyers and sellers outside complex FAR rules, aiming for faster, more efficient tech acquisition.
OTAs provide a flexible, commonsense way to link buyers and sellers outside complex FAR rules, aiming for faster, more efficient tech acquisition.
OTAs do not replace federal contracts, grants, or agreements—they offer another path for innovative technology partnerships.
OTAs do not replace federal contracts, grants, or agreements—they offer another path for innovative technology partnerships.
Congress authorized OTAs to help government teams meet technology needs quickly.
Congress authorized OTAs to help government teams meet technology needs quickly.
Key Pros and Cons
Pros: OTAs are legally binding, similar to commercial contracts, and authorized under 10 U.S.C. § 4022 for DoD prototype projects.
Cons: OTAs are not standard procurements and aren’t governed by many FAR provisions, requiring special attention to terms.
For both government and industry, OTAs provide a collaborative and agile way to accelerate the adoption of new technologies.
